Saturday, October 1 2022

JINJIANG, China, August 4, 2022 /PRNewswire/ — Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise” or the “Company”), a leading Chinese manufacturer of ceramic tiles used in residential and commercial buildings, offering also business consulting services, and online social commerce and live streaming, today announced that the July 29, 2022 its wholly-owned subsidiary, Antelope Holdings (Chengdu) Co., Ltd. (“Chengdu“) has entered into an agreement with Shanghai Haiman Culture Co., Ltd. (“Shanghai Haiman”) to Licence three artworks of the Sea World Ocean Park cartoon mascot and to represent Shanghai Haiman as an agent for these brand images as well as its derivative images. The term of the license is three years from the August 1, 2022 for a total amount of 4.5 million RMBand the agreement covers the whole of mainland China.

The Sea World cartoon mascots represent Sea World Ocean Park, China leading ocean theme park and entertainment company that has projects in 19 provinces across China. According to the license agreement, Chengdu is licensed to use the Sea World cartoon mascot images in various commercial endeavors including toys, food, household items, daily necessities, apparel, digital entertainment products, audio products and video, television distribution and film and television works. Chengdu also has the right to sublicense the licenses for the designated cartoon mascot artwork to third parties. In addition, Chengdu will represent Shanghai Haiman as an agent in the marketing, product manufacturing, application and marketing of its artworks to help Shanghai Haiman generate revenue.

Ms. Meishuang Huang, President and CEO of Antelope Enterprise, said, “Our Sea World mascot license represents an opportunity to develop and maintain distinctive intellectual property and achieve commercial success for these cartoon mascot artwork across a range of applications. We believe the Sea World cartoon mascots are perfectly suited for multiple adaptations and developments that could potentially result in substantial profitability for the company. We see the global licensing field as expanding and our Chengdu the subsidiary plans to selectively pursue additional licensing opportunities.”

About Antelope Enterprise Holdings Limited

Antelope Enterprise Holdings Limited is one of the leading ceramic tile manufacturers in China. The Company’s ceramic tiles are used in residential and commercial buildings. Antelope Enterprise products, sold as “Hengda” or “HD”, are available in over 2,000 style, color and size combinations and are distributed through a network of exclusive distributors. as well as directly to major property developers. The Company also engages in business consulting, online social trading and live broadcasting in China. For more information, please visit http://www.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 than amended. Forward-looking statements include statements about 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 any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, the maintenance of a stable macroeconomic environment in the PRC as the PRC’s real estate, construction and technology sectors continue to exhibit strong fundamentals. long-term strengths, our ability to bring additional ceramic tile production capacity online as our business improves, our ceramic tile customers continue to adapt to price increases for our products, our ability maintain our average selling price increases and continue to increase volume in future quarters, and whether our enhanced marketing efforts will help produce greater customer acceptance of the new price levels; and our ability to continue to grow our businesses in business management, information systems consulting, online social commerce and live streaming. All statements other than statements of historical fact are statements that may be forward-looking statements. You can identify these forward-looking statements by the use of words such as “may”, “will”, “anticipate”, “assume”, “should”, “indicate”, “believe”, “intend”, “” expect”, “estimate”, “continue”, “plan”, “indicate”, “project”, “could”, “intend”, “target”, and other similar words and phrases from the future tense.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement, including, without limitation, the risks and uncertainties described in our Annual Report on Form 20-F for the fiscal year closed December 31, 2021 and otherwise in our reports and filings with the SEC. These reports are available upon request from the Company or the Securities and Exchange Commission, including on the SEC’s website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any forward-looking statements after the date hereof or after the respective dates on which such statements are otherwise made.

SOURCE Antelope Enterprise Holdings Ltd.

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