New Risk • Jul 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Earnings have declined by 0.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Market cap is less than US$10m (US$9.70m market cap). Live News • Jul 07
Antelope Enterprise Buys $1 Million Bitcoin and Reports Smaller Loss for First Half Antelope Enterprise Holdings has launched a structured digital asset allocation strategy called the “Genius Plan” and has acquired US$1 million of Bitcoin for its treasury through a subsidiary, alongside reporting a first-half FY 2026 loss before tax of US$2.6 million compared with US$3.8 million previously.
The company’s revenue for the period declined 39.4% as it shifted its e-commerce traffic acquisition approach, while gross profit margin stood at 4.29% after higher customer prices and added services.
Antelope Enterprise’s stock trades at US$1.04, with the share price down 90.1% year to date.
This combination of a new Bitcoin-focused treasury approach, weaker revenue and narrower losses results in a more complex risk profile for Antelope Enterprise, particularly for anyone considering its exposure to both core operations and digital asset holdings. Reported Earnings • Jul 02
First half 2026 earnings released: US$0.89 loss per share (vs US$1.69 loss in 1H 2025) First half 2026 results: US$0.89 loss per share (improved from US$1.69 loss in 1H 2025). Revenue: US$29.9m (down 39% from 1H 2025). Net loss: US$3.33m (loss narrowed 19% from 1H 2025). Announcement • May 01
Antelope Enterprise Holdings Limited announced that it has received $2.484 million in funding from Zhengda Holdings Limited On April 29, 2026, Antelope Enterprise Holdings Limited closed the transaction. Announcement • Apr 23
Antelope Enterprise Holdings Limited announced that it expects to receive $2.484 million in funding from Zhejiang Zhengda Holding Group Co., Ltd. Antelope Enterprise Holdings Limited announced a private placement and Securities Purchase Agreement (the “Agreement”) with an institutional investor Zhengda Holdings Limited for the purchase of 12,000,000 class A ordinary shares at an issue price of $0.207 per share, for gross proceeds of $2,484,000 on April 22, 2026. The closing of the transaction is expected to take place in the second quarter of 2026, subject to the satisfaction of the customary closing conditions, including necessary regulatory approvals, if applicable. New Risk • Feb 01
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.8m free cash flow). Share price has been highly volatile over the past 3 months (46% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Market cap is less than US$10m (US$1.05m market cap). Reported Earnings • Feb 01
Full year 2025 earnings released Full year 2025 results: Revenue: US$81.1m (down 4.4% from FY 2024). Net loss: US$14.3m (loss widened 20% from FY 2024). New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (221% increase in shares outstanding). Market cap is less than US$10m (US$1.41m market cap). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Sep 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (285% increase in shares outstanding). Market cap is less than US$10m (US$3.88m market cap). Board Change • Aug 01
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Song Chungen is the most experienced director on the board, commencing their role in 2019. Independent Director Huashu Yuan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • May 02
Antelope Enterprise Holdings Limited announced delayed 20-F filing On 05/01/2025, Antelope Enterprise Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Shareholders have been substantially diluted in the past year (282% increase in shares outstanding). Market cap is less than US$10m (US$2.25m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Apr 02
Antelope Enterprise Announces One-For-40 Reverse Stock Split to Regain Compliance with the Minimum Bid Price Requirement Antelope Enterprise Holdings Limited announced that its Board of Directors has set the date of April 4, 2025 to be the effective date for the Company’s 1-for-40 reverse stock split of its Class A ordinary shares (the “Ordinary Shares”). The Company’s Ordinary Shares will begin trading on the NASDAQ Stock Market on a split-adjusted basis when the market opens on April 4, 2025. The CUSIP number for the Company’s Ordinary Shares will be changed to G041JN130. The Company’s Board of Directors approved a reverse stock split so as to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Stock Market. In order to maintain the Company’s listing on the NASDAQ Capital Market, the Company’s common stock must have a closing bid price of $1.00 or more for a minimum of ten consecutive trading days by April 30, 2025. There can be no assurance that following the reverse split, the Company’s Ordinary Shares will remain above $1.00 per share minimum for the requisite period as of April 30, 2025 to regain listing compliance. In the event the Company does not regain compliance with the minimum bid price requirement, its securities may be subject to delisting from the NASDAQ Stock Market which, in turn, will result in significant adverse effect on the value and liquidity of the Company’s securities. Announcement • Mar 31
Antelope Enterprise Holdings Limited Announces Board and Committee Changes Antelope Enterprise Holdings Limited announced certain changes to its Board of Directors. Effective March 24, 2025, its Board of Directors has appointed Ms. Ze Yang as a director of the Company's Board of Directors. Ms. Yang will serve as the chair of the audit committee, and a member of the compensation and nominating committees. Also, effective March 24, 2025, Mr. Dian Zhang, a director of the Company's Board, resigned from the Board and as chair of the audit committee. The resignation of Mr. Zhang was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. Ms. Ze Yang is currently the Finance Director and Chief Operating Officer of Sichuan Yixiaobao Network Technology Co., Ltd, an investment company engaged in cross-border e-commerce businesses, where she manages a team of over 50 people, develops growth strategies and optimizes business operations. Ms. Yang has held this position since March 2021. From December 2016 to January 2021, Ms. Yang served as the Marketing Director of at Top Guagua Technology Group Co., Ltd, a platform that provides one-stop services for enterprises, covering areas such as business registration, financial and tax agency, intellectual property, legal services, qualification processing and entrepreneurial incubation. From March 2011 to November 2016, Ms. Yang worked as a manager at Chengdu Yidai Network Financial Information Service Co., Ltd, an online lending information intermediary service company. From March 2009 to February 2011, Ms. Yang worked as a store manager at Chengdu Orchid Grass Co., Ltd, a flower store. Ms. Yang has an associate degree in computerized auditing from Sichuan Tianyi College. Announcement • Jan 02
Antelope Enterprise Holdings Limited Announces Chief Financial Officer Changes Antelope Enterprise Holdings Limited announced effective December 31, 2024, Mr. Hen Man Edmund resigned as the Chief Financial Officer of the company. The resignation of Mr. Hen Man Edmund was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. Effective December 31, 2024, Ms. Xiaoying Song, an existing director, was appointed to serve as the new Chief Financial Officer and the new executive director of the Company, by the affirmative vote of the members of the Board. Announcement • Nov 06
Antelope Enterprise Holdings Receives Deficiency Letter from Nasdaq Regarding Minimum Bid Price Deficiency Antelope Enterprise Holdings Limited announced that on November 1, 2024, it received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”). The deficiency letter advised that for the last 30 consecutive business days the bid price for the Company’s Class A ordinary shares had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The deficiency letter does not result in the immediate delisting of the Company’s Class A ordinary shares from the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”), the Company has been provided an initial period of 180 calendar days, or until January 22, 2024 (the “Compliance Date”), to regain compliance with the Bid Price Rule. If, at any time before the Compliance Date, the bid price for the Company’s Class A ordinary shares closes at $1.00 or more for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it complies with the Bid Price Rule, unless the Staff exercises its discretion to extend this 10 day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company is not in compliance with the Bid Price Rule by April 30, 2025, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the minimum bid price deficiency, which may include, if necessary, implementing a reverse stock split. If the Company does not regain compliance with the Bid Price Rule by the Compliance Date and is not eligible for an additional compliance period at that time, the Staff will provide written notification to the Company that its Class A ordinary shares may be delisted. The Company would then be entitled to appeal the Staff’s determination to a NASDAQ Listing Qualifications Panel and request a hearing. There can be no assurance that, if the Company does appeal the delisting determination by the Staff to the NASDAQ Listing Qualifications Panel, that such appeal would be successful. The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider available options to regain compliance with the Bid Price Rule, which could include effecting a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule. Reported Earnings • Oct 02
First half 2024 earnings released First half 2024 results: US$0.57 loss per share. Revenue: US$43.5m (down 2.6% from 1H 2023). Net loss: US$6.64m (loss widened 22% from 1H 2023). Announcement • Sep 27
Antelope Enterprise Holdings Limited to Report First Half, 2024 Results on Sep 30, 2024 Antelope Enterprise Holdings Limited announced that they will report first half, 2024 results on Sep 30, 2024 Announcement • Aug 02
Antelope Enterprise Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.25 million. Antelope Enterprise Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.25 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000
Price\Range: $2.5
Transaction Features: Registered Direct Offering Board Change • Aug 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Independent Director Song Chungen is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 04
Antelope Enterprise Holdings Limited announced that it has received $0.250001 million in funding On July 2, 2024, Antelope Enterprise Holdings Limited closed the transaction. Announcement • May 08
Antelope Enterprise Holdings Limited to Report Second Half, 2023 Results on May 07, 2024 Antelope Enterprise Holdings Limited announced that they will report second half, 2023 results on May 07, 2024 Announcement • May 03
Antelope Enterprise Holdings Limited announced delayed 20-F filing On 05/01/2024, Antelope Enterprise Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Apr 30
Antelope Enterprise Holdings Limited Announces Executive Changes Antelope Enterprise Holdings Limited appointed Mr. Huoyou Zhang as an Executive Director to Board of Directors, effective April 26, 2024, and Mr. Di Wu as a Director and President of its operating subsidiary to lead this new business. Also, Mr. Qiguo Wang resigned from the Company’s Board, effective April 26, 2024, for personal reasons. Mr. Houyou Zhang has been appointed to be an Executive Director of the Company with responsibility to help formulate and implement the Company’s growth strategy for its energy transmission business, effective April 26, 2024. Mr. Zhang is also a Director at YiXiang International LLC which he has been since March 2023, where he secures projects for investment. From 2017 to 2022, Mr. Zhang was the Chairman of Shanghai KKM Asset Management Co. Ltd., a firm that he founded, which engages in investment and asset management. Mr. Zhang is experienced in quantitative trading in China with 20 years of experience in the finance industry, and he has published widely on finance and investments. Mr. Zhang received a Bachelor’s degree in Engineering from Sichuan University in 2002. Mr. Di Wu is being appointed as the Director and President of AEHL US. Prior to this appointment, Mr. Wu was Deputy General Manager of Shanghai Kunjing Cloud Co. Ltd. Since 2020, where he was responsible for mobile charging energy storage, its EV charging business and has participated in edge computing data centers and an Internet of Things aggregation business. From 2016 to 2020, Mr. Wu was Deputy General Manager of Wuxi Chenyun Technology Co. Ltd., where he was in charge of operations and cloud business product design. Mr. Wu currently indirectly owns 14.33% of Class A ordinary shares, no par value, of the Company. Mr. Wu received an MBA from Nanjing University of Finance and Economics in 2002. Mr. Qiguo Wang, a director of the Company’s Board, tendered his resignation effective April 26, 2024. Mr. Wang’s resignation was for personal reasons and not due to any disagreements with the Company on any matter related to the operations, policies or practices of the Company. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (365% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (US$16.0m market cap). Announcement • Feb 28
Antelope Enterprise Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.3 million. Antelope Enterprise Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.3 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,300,000
Price\Range: $1
Transaction Features: Registered Direct Offering New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Market cap is less than US$10m (US$5.04m market cap). Announcement • Dec 01
Antelope Enterprise Holdings Limited Announces Board Changes Antelope Enterprise Holdings Limited announced that it has made changes to its Board of Directors. Effective December 1, 2023, its Board of Directors has appointed Mr. Junjie Dong as an executive director of the Company's Board of Directors. Also, effective December 15, 2023, Mr. Boyu Zhang, an executive director of the Company's Board, will resign from the Board. Mr. Junjie Dong is currently the Chief Technology Officer of Antelope Holdings (Chengdu) Co. Ltd., a wholly owned subsidiary of the Company that is engaged in computer consulting and software development. Mr. Dong is responsible for its strategic direction and overseeing its technological advancements, and he has held this position since July 2023. From February 2018 to July 2023, Mr. Dong was the Chief Executive Officer ("CEO") of Shenzhen Hongtaiju Technology Development Co. Ltd., an information technology company, where he was mainly responsible for the company's strategic planning and operational management. From August 2015 to December 2018, Mr. Dong was CEO of Shenzhen Weidai Yingxing Financial Services Co., Ltd, a company that provides financial services. From May 2013 to July 2015, he was the CEO of Shenzhen Hongtaiju Investment Consulting Co. Ltd., a company that provides financial services. Mr. Dong attended Hainan Vocational College of Science and Technology from March 2015 to December 2018, and received the junior college degree. In addition, effective December 15, 2023, Mr. Boyu Zhang, an executive director of the Company's Board, will tender his resignation. Mr. Zhang's resignation was for personal reasons and not due to any disagreements with the Company on any matter related to the operations, policies or practices of the Company. Announcement • Oct 05
Antelope Enterprise Holdings Regains Compliance with NASDAQ Minimum Bid Price Requirement Antelope Enterprise Holdings Limited (‘Antelope Enterprise’ or the ‘Company’) announced that on October 2, 2023, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘NASDAQ’) confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). The Company regained compliance with NASDAQ's requirements when the closing bid price for the Company's Class A ordinary shares were at or above $1.00 for 10 consecutive business days and the matter is now closed. New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (211% increase in shares outstanding). Market cap is less than US$10m (US$5.88m market cap). Reported Earnings • Oct 02
First half 2023 earnings released: CN¥23.44 loss per share (vs CN¥48.79 loss in 1H 2022) First half 2023 results: CN¥23.44 loss per share. Revenue: CN¥309.3m (up 129% from 1H 2022). Net loss: CN¥37.8m (loss widened 29% from 1H 2022). Announcement • Sep 29
Antelope Enterprise Holdings Limited to Report First Half, 2023 Results on Oct 02, 2023 Antelope Enterprise Holdings Limited announced that they will report first half, 2023 results on Oct 02, 2023 Announcement • Sep 16
Antelope Enterprise Holdings Announces One-for-Ten Reverse Stock Split to Regain Compliance with the Minimum Bid Price Requirement for Continued Listing on the NASDAQ Stock Market Antelope Enterprise Holdings Limited announced that its board of directors has set the date of September 18, 2023 to be the effective date for the company's one-for-ten reverse stock split of its issued and outstanding ordinary shares. The company's Class A ordinary shares will begin trading on the NASDAQ Stock Market on a split-adjusted basis when the market opens on September 18, 2023. The CUSIP number for the company's Class A ordinary shares will be changed to G041JN122. The company's board of directors approved a reverse stock split so as to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Stock Market. In order to maintain the company's listing on the NASDAQ Capital Market, the Company's common stock must have a closing bid price of $1.00 or more for a minimum of ten consecutive trading days by January 22, 2024. There can be no assurance that following the reverse split, the Company's Class A ordinary shares will remain above $1.00 per share minimum for the requisite period as of January 22, 2024 to regain listing compliance. In the event the Company does not regain compliance with the minimum bid price requirement, its securities may be subject to delisting from the NASDAQ Stock Market which, in turn, will result in significant adverse effect on the value and liquidity of the Company's securities. Announcement • Sep 09
Antelope Enterprise Holdings Limited Appoints Boyu Zhang as the Executive Director, Effective September 11, 2023 Antelope Enterprise Holdings Limited appointed Mr. Boyu Zhang as the executive director of the Board, effective on September 11, 2023. Since January 1, 2023, Mr. Boyu Zhang has served as Vice President of Strategic Development and Investor Relations of the Company. Prior to joining Antelope Enterprise, from December 2017 to February 2022, Mr. Zhang was the Founder and CEO of the Asian Financial Association, a professional financial industry service organization, based in Ohio. From October 2019 to June 2022, Mr. Zhang was the Founder and CEO of Bikeshire Hathaway Investment Limited, a securities trading information advisory company. Mr. Zhang obtained both a BA degree in International Business in 2015 and an MBA in Finance in 2016 from Ashland University. Announcement • Sep 02
Antelope Enterprise Holdings Limited Appoints Xiaoying Song as Independent Director Antelope Enterprise Holdings Limited announced that On August 28, 2023, the Board appointed Ms. Xiaoying Song as the new independent director of the Board, effective on September 1, 2023. The biographical information of Ms. Song: Ms. Xiaoying Song has extensive experience in business administration and operations as well as investment management, and has been a co-founder of several companies. From 2020 to 2023, she has acted as the chief executive officer and the co-founder of Sichuan Huanyu Interchange Group Co., Ltd, which operates as a bidding agency for contracts, and engages in engineering supervision, construction labor subcontracting and other related businesses. From 2016 to 2019, Ms. Song has acted as the chief executive officer and the co-founder of Chengdu Houshi Technology Co., Ltd, which engages in technology development, technical services and information technology consulting service. From 2013 to 2016, Ms. Song has acted as the chief executive officer and the co-founder of Chengdu Huaxin Wealth Management Co., Ltd, an investment management, investment consulting, and business services firm. Ms. Song obtained an Associate’s Degree in Air Crew from Nanchang Institute of Technology in 2013. New Risk • Aug 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.49m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (211% increase in shares outstanding). Market cap is less than US$10m (US$9.49m market cap). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Jul 27
Antelope Enterprise Holdings Receives Deficiency Letter from NASDAQ Regarding Minimum Bid Price Deficiency Antelope Enterprise Holdings Limited announced that on July 25, 2023, it received a deficiency letter from the Listing Qualifications Department of the Nasdaq Stock Market. The deficiency letter advised that for the last 30 consecutive business days the bid price for the Company's Class A ordinary shares had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"). The deficiency letter does not result in the immediate delisting of the Company's common stock from the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A) (the "Compliance Period Rule"), the Company has been provided an initial period of 180 calendar days, or until January 22, 2024 (the "Compliance Date"), to regain compliance with the Bid Price Rule. If, at any time before the Compliance Date, the bid price for the Company's Class A ordinary shares closes at $1.00 or more for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it complies with the Bid Price Rule, unless the Staff exercises its discretion to extend this 10 day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company is not in compliance with the Bid Price Rule by January 22, 2024, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the minimum bid price deficiency, which may include, if necessary, implementing a reverse stock split. If the Company does not regain compliance with the Bid Price Rule by the Compliance Date and is not eligible for an additional compliance period at that time, the Staff will provide written notification to the Company that its Class A ordinary shares may be delisted. The Company would then be entitled to appeal the Staff's determination to a NASDAQ Listing Qualifications Panel and request a hearing. There can be no assurance that, if the Company does appeal the delisting determination by the Staff to the NASDAQ Listing Qualifications Panel, that such appeal would be successful. The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider available options to regain compliance with the Bid Price Rule, which could include effecting a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule. Announcement • May 27
Antelope Enterprise Provides Earnings Revenue Guidance Year Ending December 31, 2023 Antelope Enterprise provided earnings revenue guidance year ending December 31, 2023. The company is forecasting $64.0 million in revenue for the full fiscal year 2023, which represents 50% growth from the $42.6 in revenue that it recorded for the full fiscal year 2022. In addition, Antelope Enterprise expects to achieve profitability in fiscal year 2023 as the unique advantages in its business model leverages social media and livestreaming to address China's huge online consumer marketplace in a more creative and effective way. Announcement • May 24
Antelope Enterprise Holdings Limited Creates AI-Powered Virtual Influencers Using ChatGPT-like Technology Antelope Enterprise Holdings Limited announced that KylinCloud has created AI-powered virtual social media capabilities using ChatGPT-like technology. For the first phase of the rollout, KylinCloud has made virtual versions of selected hosts and influencers who are registered on its platform and will be using AI-powered technology to leverage the effectiveness and reach of these influencers. KylinCloud will typically market a specific product for customers with numerous videos created by different social media influencers who are registered on the platform. As a result, there is always demand for the production of different livestreaming videos for the products of KylinCloud's customers. With this new technology, a single marketing video can be created and then KylinCloud will use AI technology to create a range of tailormade versions of virtual influencer livestreaming product videos for each individual influencer, allowing the influencer to focus their time and effort on building their followers. The second phase of the AI-powered social media rollout is expected to include a period where KylinCloud will experience with using virtual influencers that are not based on real people to augment the reach of its influencer network. Virtual influencers will replace real influencers with unparalleled advantages as AI virtual influencers have no management costs, no time limits, no volume limits and no language barriers. As there will be no language limitations, the company believe that KylinCloud is poised to become a provider in this high growth global sector at a low cost and potentially high success rate. Reported Earnings • May 02
Full year 2022 earnings released: CN¥1.19 loss per share (vs CN¥17.24 loss in FY 2021) Full year 2022 results: CN¥1.19 loss per share (improved from CN¥17.24 loss in FY 2021). Revenue: CN¥286.3m (up 32% from FY 2021). Net loss: CN¥9.92m (loss narrowed 89% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 19% per year. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Chairman Will Zhang was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 13
Antelope Enterprise Holdings Limited announced that it has received $1.3 million in funding On January 12, 2023, Antelope Enterprise Holdings Limited closed the transaction. Announcement • Jan 06
Antelope Enterprise Holdings Limited Announces Executive Changes Antelope Enterprise Holdings Limited announced that its Board of Directors has appointed Weilai ('Will') Zhang as its Chief Executive Officer, effectively immediately. Ms. Meishuang Huang has departed from her role as CEO but will remain as Chair of the Board of Directors. Will Zhang brings extensive entrepreneurial, venture capital and investment management experience to his new role. From 2011 to 2020, he was the Chairman of Huitong Tianxia Investment Ltd., an investment company. Since 2020, Mr. Zhang has acted as Chairman of Jinke Yulv Technology Ltd., an internet technology firm in China. Mr. Zhang obtained a Diploma in Capital and M&A Entrepreneurship from Fudan University in 2021, and a Diploma in Finance and Capital Investment from Southwest University in Finance and Economics in 2014. Reported Earnings • Sep 30
First half 2022 earnings released: CN¥4.88 loss per share (vs CN¥16.24 loss in 1H 2021) First half 2022 results: CN¥4.88 loss per share (improved from CN¥16.24 loss in 1H 2021). Revenue: CN¥135.0m (up 169% from 1H 2021). Net loss: CN¥29.3m (loss narrowed 59% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: CN¥17.24 loss per share (up from CN¥65.67 loss in FY 2020). Revenue: CN¥216.3m (up 18% from FY 2020). Net loss: CN¥88.8m (loss narrowed 54% from FY 2020). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 04
First half 2021 earnings released: CN¥16.24 loss per share (vs CN¥40.83 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: CN¥50.1m (up 26% from 1H 2020). Net loss: CN¥70.8m (loss narrowed 37% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 06
New 90-day high: US$3.36 The company is up 58% from its price of US$2.12 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: US$2.64 The company is up 10.0% from its price of US$2.39 on 01 October 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 13% over the same period. Announcement • Sep 30
China Ceramics Co., Ltd. to Report First Half, 2020 Results on Sep 29, 2020 China Ceramics Co., Ltd. announced that they will report first half, 2020 results on Sep 29, 2020 Announcement • Sep 22
China Ceramics Regains Compliance with NASDAQ Listing Requirements China Ceramics Co., Ltd. announced that it has received a letter from the Listings Qualifications Department of The Nasdaq Stock Market notifying the Company that it has regained compliance with NASDAQ's minimum bid requirements for continued listing requirements on the NASDAQ Stock Market. On September 3, 2020, the Company effected a one-for-three reverse stock split to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Stock Market. The letter noted that since the closing bid of the Company's common stock has been $1.00 per share or more for 10 consecutive business days, from September 3, 2020 to September 18, 2020, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and that the matter is now closed. Announcement • Sep 03
China Ceramics Co., Ltd. Announces Reverse Stock Split to Regain Compliance with Nasdaq China Ceramics Co., Ltd. announced that its Board of Directors has set the date of September 3, 2020 to be the effective date for the Company's reverse stock split. The Company's ordinary shares will begin trading on the NASDAQ Stock Market on a split-adjusted basis when the market opens on September 3, 2020. The new CUSIP number for the Company's common stock following the reverse split is G2113X159. The Company's Board of Directors approved a reverse stock split so as to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Stock Market. In order to maintain the Company's listing on the NASDAQ Capital Market, the Company's common stock must have a closing bid price of $1.00 or more for a minimum of ten consecutive trading days by September 21, 2020. There can be no assurance that following the reverse split, the Company's common stock will remain above $1.00 per share minimum for the requisite period as of September 21, 2020 to regain listing compliance. In the event the Company does not regain compliance with the minimum bid price requirement, its securities may be subject to delisting from the NASDAQ Stock Market which, in turn, will result in significant adverse effect on the value and liquidity of the Company's securities.