Antelope Enterprise Holdings Limited announced that it has entered into a certain securities purchase agreement with certain investors pursuant to which the Company agreed to sell 1,727,941 Class A ordinary shares t a per share purchase price of $1.36 for the gross proceeds of $2,349,999.76 on March 15, 2024. The parties to the SPA have each made customary representations, warranties and covenants. The Shares were expected to be issued to Purchasers on or about March 21, 2024, upon satisfaction of all closing conditions.

The issuance of the Shares is in reliance on exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.