JINJIANG, China, Aug. 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, and which also engages in business
consulting, and online social commerce and live streaming,
announced today that on July 29, 2022
its wholly-owned subsidiary, Antelope Holdings (Chengdu) Co., Ltd. ("Chengdu") entered into an agreement with
Shanghai Haiman Culture Co., Ltd. ("Shanghai Haiman") to license three Sea World Ocean
Park cartoon mascot art works and to represent Shanghai Haiman as
the agent of these brand images as well as its derivative images.
The license period is for three years beginning on August 1, 2022 for a total fee of RMB 4.5 million, and the agreement covers the
entirety of Mainland China.
The Sea World cartoon mascots represent Sea World Ocean
Park, China's leading ocean theme
park and entertainment company that has projects in 19 provinces
across China. As per the license
agreement, Chengdu is authorized
to use the Sea World cartoon mascot images in various commercial
ventures including toys, food, household items, daily necessities,
clothing, digital entertainment products, audio and video products,
TV distribution, and film and TV works. Chengdu also has the right to sublicense the
licenses for the designated cartoon mascot art works to third
parties. In addition, Chengdu will
represent Shanghai Haiman as its agent in the commercialization,
product manufacturing, applications and marketing of its art works
to help Shanghai Haiman to generate revenue.
Ms. Meishuang Huang, Chief Executive Officer of Antelope
Enterprise, commented, "Our licensing of the Sea World mascots
represents the opportunity to develop and sustain distinctive
intellectual property and to realize commercialize success for
these cartoon mascot art works
across a range of applications. We believe that the Sea World
cartoon mascots are highly suitable for multiple adaptations and
development which could potentially result in substantial
profitability for the company. We view the global licensing area as
expanding and our Chengdu
subsidiary plans to selectively pursue additional licensing
opportunities."
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited is a leading manufacturer
of ceramic tiles in China. The
Company's ceramic tiles are used in residential and commercial
buildings. Antelope Enterprise's products, sold under the "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 large property developers. The
Company also engages in business consulting, and online social
commerce and live streaming 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 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.
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SOURCE Antelope Enterprise Holdings Ltd.