Correspondence 0001493152-24-028096 from Antelope Enterprise Holdings Ltd (AEHL) (CIK 0001470683) (AEHL)
Antelope Enterprise Holdings Ltd (AEHL) (CIK 0001470683)
Date: July 17, 2024 · CIK: 0001470683 · Accession: 0001493152-24-028096
AI Filing Summary & Sentiment
File numbers found in text: 333-279733
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CORRESP
1
filename1.htm
Antelope
Enterprise Holdings Ltd
Room
1802, Block D, Zhonghai International Center,
Hi-Tech
Zone, Chengdu, Sichuan Province, PRC
July
17, 2024
VIA
EDGAR
Mr.
Uwem Bassey
Mr.
Mitchell Austin
Division
of Corporation Finance
Disclosure
Review Program
U.S.
Securities and Exchange Commission
100
F Street, N.E.
Washington,
D.C. 20549
Re:
Antelope Enterprise
Holdings Ltd
Amendment
No. 1 to Registration Statement on Form F-1
Filed
June 28, 2024
File No. 333-279733
Dear
Mr. Bassey and Mr. Austin
Antelope
Enterprise Holdings Ltd. (“we” or the “Company”) is hereby providing responses to comments of the Staff (the
“Staff”) of the U.S. Securities and Exchange Commission (the “SEC”) issued on July 12, 2024 regarding the Company’s
Amendment No.1 to Registration Statement on Form F-1 that was filed with the Commission on June 28, 2024 (the “Staff’s Letter”).
Amendment
No. 1 to Registration Statement on Form F-1
Enforcement
of Civil Liabilities, page 111
1.
We note the revisions
made in response to prior comment 4. Please confirm, if true, that Weilai Zhang, Houyou Zhang and Huashu Yuan are U.S. residents
and make any necessary revisions to this disclosure.
RESPONSE:
In response to the Staff’s comment, we hereby confirmed there that Weilai Zhang, Houyou Zhang and Huashu Yuan are U.S. residents,
and revised our disclosure on page 19 accordingly.
General
2.
We
note the revisions made in response to prior comment 5. We note the following:
●
Cover
page disclosure indicates that each of the three subscription agreements provides for the sale of up to 10,000,000 Class A ordinary
shares. It also indicates the subscription agreements will be terminated automatically on the earliest of (i) April 1, 2027 or (ii)
the date on which the investor shall have made payment for all 30,000,000 Class A Ordinary Shares. As each investor appears to be
subscribing for only up to 10,000,000 shares, it appears the description of the termination provision may contain an error as it
references 30,000,000 shares. Please revise or advise.
RESPONSE:
In response to the Staff’s comment, we revised our disclosure on the cover page and on page 110 accordingly.
●
Disclosures on the cover
page and page 108 of the calculation of the price per share under the equity line agreements appears to differ from the disclosures
on pages 12 and 64. Please reconcile the discrepancies between these disclosure or advise. If disclosures continue to reference defined
terms, such as Commitment Period, ensure you provide the definitions of these terms. Additionally, ensure you provide examples of
how any formulas work and include all inputs used in these examples.
RESPONSE: In response
to the Staff’s comment, we revised our disclosure on page 12 and page 64 accordingly.
●
The
example you provide on page 12 appears to contain an error. In this regard, disclosure on this page indicates the subscription price
is equal to the lesser of the (i) the average closing price of the Class A Ordinary Shares during the Commitment Period, or (ii)
$1.12. It is unclear how the subscription price would be $2.00 per share as the formula appears to capped at $1.12 per share. Please
revise or advise.
RESPONSE: In response
to the Staff’s comment, we revised our disclosure on page 12 accordingly.
Additionally, please ensure your disclosure accurately
summarizes the equity line agreement. Lastly confirm, if true, that each of the equity line agreements operates independently of
one another.
RESPONSE:
In response to the Staff’s comment, we hereby confirm that each of the equity line agreements operates independently of one
another.
3.
We
note your response to prior comment 7 that there is no relationship between the each of the four different equity line investors.
Footnotes 4 and 6 to the selling shareholder table on page 108 appear to indicate that the same individual, Min Xu, controls two
of the entities. Please advise.
RESPONSE:
In response to the Staff’s comment, we revised our disclosure on page 109 accordingly.
********
If
you have any questions relating to the foregoing or wish to discuss any aspect of the Company’s filings please don’t hesitate
to contact us.
Sincerely,
Antelope Enterprise Holdings Ltd
By:
/s/ Weilai
Zhang
Name:
Weilai Zhang
Title:
Chief Executive Officer