Antelope Enterprise Regains Compliance with NASDAQ Minimum Bid Price Requirement

Rhea-AI Summary

Antelope Enterprise Holdings (NASDAQ: AEHL), a company with majority ownership in Chinese livestreaming e-commerce business Kylin Cloud, has successfully regained compliance with NASDAQ's minimum bid price requirement. The company received confirmation from NASDAQ's Listing Qualifications Department on April 21, 2025, after maintaining a closing bid price of $1.00 or higher for 10 consecutive business days, satisfying Listing Rule 5550(a)(2). This compliance matter has been resolved and is now closed.

Positive

• Regained NASDAQ listing compliance, eliminating immediate delisting risk

Negative

• None.

NEW YORK, NY, April 23, 2025 (GLOBE NEWSWIRE) -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise”, “AEHL” or the “Company”), the majority interest owner of Kylin Cloud, a livestreaming e-commerce business in China, announced today that that on April 21, 2025, 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.

About Antelope Enterprise Holdings Limited

Antelope Enterprise Holdings Limited (“Antelope Enterprise”, “AEHL” or the “Company”) engages holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co. Ltd (“Kylin Cloud”), which operates a livestreaming e-commerce business in China. Kylin Cloud provides access to over 800,000 hosts and influencers. For more information, please visit our website at  https://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 real estate, construction and technology sectors continuing to exhibit sound long-term fundamentals, our ability to bring additional ceramic tile production capacity online going forward as our business improves, our ceramic tile customers continuing to adjust to our product price increases, our ability to sustain our average selling price increases and to continue to build volume in the quarters ahead, and whether our enhanced marketing efforts will help to produce wider customer acceptance of the new price points; and our ability to continue to grow our business management, information system consulting, and online social commerce and live streaming business. 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, 2021 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.

Contact Information:
Antelope Enterprise Holdings Limited
Xiaoying Song, Chief Financial Officer 
Email: info@aehltd.com 

Precept Investor Relations LLC
David Rudnick, Account Manager
Email: david.rudnick@preceptir.com
Phone: +1 646-694-8538

FAQ

What did Antelope Enterprise AEHL do to regain NASDAQ compliance in April 2025?

AEHL maintained its stock price at or above $1.00 for 10 consecutive business days, meeting NASDAQ's minimum bid price requirement under Rule 5550(a)(2).

How long did AEHL need to maintain its stock price above $1 to regain NASDAQ compliance?

AEHL needed to maintain its closing bid price at or above $1.00 for 10 consecutive business days to regain compliance.

What is Antelope Enterprise AEHL's main business operation?

AEHL holds a majority interest in Kylin Cloud, a livestreaming e-commerce business operating in China.

When did NASDAQ confirm AEHL's compliance with minimum bid requirements?

NASDAQ confirmed AEHL's compliance through a letter sent on April 21, 2025.