Antelope Enterprise Holdings Limited announced that effective March 30, 2023, its Board of Directors has appointed Ms. Huashu Yuan as a member of the Company's Board of Directors. Ms. Yuan was appointed as a member of the audit committee, and the chairperson of the nominating and corporate governance committee and the chairperson of the compensation committee. Ms. Yuan meets the Nasdaq Stock Market independence requirements as well as additional independence requirements under the US securities laws for membership on these committees.

Ms. Huashu Yuan is currently the marketing specialist of Vesta Living Corp. since March 2022. She also served as an outside consultant, providing marketing advice to the Company from June 2021 to February 2023.

Ms. Yuan was the marketing manager for American Tianfu-Wenhui Publishing Company based in New York City from March 2021 to February 2022. Ms. Yuan received a B.A. in Communication Science and Rhetoric Studies from the University of Wisconsin-Madison in 2019 and an M.A. in Emerging Media Studies from Boston University in 2020. Also effective March 30, 2023, Mr. Shen Chengliang, a member of the Company's Board, tendered his resignation as a director.

Mr. Shen'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.