JINJIANG, China, Sept. 28,
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 engages in management and business consulting, and online
social Commerce and live streaming in China, announced today its 51% owned
subsidiary, Hainan Kylin Cloud Services Technology Co., Ltd
("Kylin Cloud"), has entered into a
Service Cooperation Contract (the "Service Contract") with Hunan
Fushing E-Commerce Co., ("Fushing E-Commerce") to provide personnel
for their marketing and promotion needs. The contract is for one
year and expires on August 15, 2023,
but it can be renewed with a new agreement.
Ms. Meishuang Huang, Chief Executive Officer of Antelope
Enterprise, commented, "We are pleased to be working with Fushing
E-Commerce to help them to meet the marketing and promotion needs
of their high-end food and other
import businesses. We believe that our subsidiary, Kylin Cloud, is well positioned to optimize the
recruiting needs for Fushing E-Commerce as a leading SaaS and PaaS
service platform provider. We believe that we are off to a good
start in addressing Fushing E-Commerce's personnel needs and
anticipate our having a very productive relationship."
The Service Contract stipulates that Kylin Cloud will recruit personnel for Fushing
E-Commerce to help them in projects associated with the marketing
and promotion of its business. Kylin
Cloud uses its SaaS platform technology to screen for
personnel with the professional skills and experience required by
Fushing E-Commerce, and fast-tracks such project personnel to them
for their consideration. Many of Fushing E-Commerce's marketing and
promotion needs are linked via Kylin
Cloud's platform to videos and live broadcasts on WeChat,
WeChat groups, QQ groups, Weibo and other streaming media and
social commerce, and Fushing E-Commerce can use Kylin Cloud's platform to engage in product
marketing, promotion and e-commerce utilizing live streaming. The
Service Contract also stipulates that Fushing E-Commerce will remit
to Kylin Cloud management service
fees, commission fees and any taxes due to Kylin Cloud based on the earnings of the
referred and retained project personnel.
Kylin Cloud is a relatively new
operating subsidiary of Antelope Enterprise and integral to its
strategic plan to diversify into new technology sectors to mitigate
the challenging market conditions of its ceramic tile segment due
to the slowdown of the real estate sector in China. Antelope Enterprise's new subsidiaries,
Chengdu Future Talent Management and Consulting Co., Ltd., Antelope
Holdings (Chengdu) Co., Ltd and
Hainan Kylin Cloud Services Technology Co., Ltd, are engaged in
selected new technology markets in China, and its businesses include management
and business consulting, SaaS (software as a service) and PaaS
(platform as a service) systems, online social commerce and live
streaming.
About Hunan Fushing E-Commerce
Hunan Fushing E-Commerce is an importer of premium food products
and delicacies from around the world that is based in Hunan, China. In addition, the company imports
beauty and personal care products, maternal and child healthcare
products, luxury goods, among other products, and independently
validates all of their imported goods for authenticity.
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 management, information systems
consulting, the provision of SaaS (software as a service) and PaaS
(platform as a service) platforms, 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.