Antelope Enterprise (AEHL) Registration filing summary

Company overview and business model

• Operates as a British Virgin Islands holding company with business activities primarily in China through subsidiaries.

• Provides livestreaming ecommerce services, business management, and information systems consulting.

• Livestreaming ecommerce is conducted via a 51% subsidiary, Hainan Kylin, and its wholly-owned subsidiaries, matching hosts/influencers with products for promotion on major Chinese platforms.

• Plans to launch an energy supply business in Texas, USA, targeting data centers and cryptocurrency mining operators, with operations expected to start in Q3 2026.

Financial performance and metrics

• Aggregate market value of outstanding Class A ordinary shares held by non-affiliates was approximately $2.5 million as of April 9, 2026.

• Recent financing agreement for up to $50 million over 24 months, proceeds used exclusively to purchase Bitcoin.

• Acquired Bitcoin for $1 million at $68,300 per Bitcoin as of February 25, 2026.

Use of proceeds and capital allocation

• Net proceeds from any offering will be used for working capital, general corporate purposes, repayment/refinancing of debt, and financing future acquisitions.

• Proceeds may be temporarily invested in interest-bearing accounts or securities.