JINJIANG, China, Sept. 30,
2022 /PRNewswire/ -- Antelope Enterprise
Holdings, Ltd. (f/k/a China Ceramics Co., Ltd.) (NASDAQ Capital
Market: AEHL) (the "Company"), a Chinese manufacturer of
ceramic tiles used for exterior siding and for interior flooring
and design in residential and commercial buildings, and which
engages in business management, information systems consulting, and
online social commerce and live streaming, today announced that it
has entered into definitive agreements with certain institutional
investors for a registered direct offering of securities with gross
proceeds of approximately $1.0 million, before payment of
commissions and expenses. The closing of the offering is expected
to take place on or about October 4, 2022, subject to the
satisfaction of customary closing conditions.
In connection with the offering, the Company will issue
1,666,667 registered common shares at a purchase price
of $0.60 per share. Concurrently in a private placement,
for each common share purchased by an investor, such investor will
receive from the Company an unregistered warrant to purchase one
common share. The warrants have an exercise price
of $0.82 per share, will be exercisable on the date of
issuance, and will expire five years from the date of issuance. The
warrants issued in this transaction contain variable pricing
The Company plans to use the net proceeds from the offering for
general corporate and working capital purposes.
Dawson James Securities, Inc. is acting as the sole placement
agent in connection with the offering.
The offering of the common shares described above (but not the
warrants or the common shares underlying the warrants) is being
made pursuant to an effective "shelf" registration statement on
Form F-3 (File No. 333-260958), as amended, that was previously
filed with the Securities and Exchange Commission ("SEC") and
declared effective by the SEC on July 15,
2022. The offering will be made only by means of a
prospectus supplement and accompanying prospectus. A final
prospectus supplement and accompanying prospectus related to the
offering will be filed with the SEC and will be available on the
SEC's website located at http://www.sec.gov. Copies of the
prospectus supplement and the accompanying prospectus relating to
this offering may be obtained by contacting Dawson James
Securities, Inc., Attention: Prospectus Department, 101 North
Federal Highway, Suite 600, Boca Raton, FL, 33432,
email@example.com or toll free at 866.928.0928.
This press release shall not constitute an offer to sell
or the solicitation of an offer to buy any securities nor will
there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or other
About Antelope Enterprise Holdings Ltd.
Antelope Enterprise Holdings Limited is a leading manufacturer
of ceramic tiles in China. The
Company's ceramic tiles are used for exterior siding, interior
flooring, and design 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, SaaS
(software as a service) and PaaS (platform as a service) systems
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
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.
SOURCE Antelope Enterprise Holdings Ltd.