JINJIANG, China,
Nov. 9,
2022 /PRNewswire/ -- Antelope Enterprise
Holdings Limited (NASDAQ Capital Market: AEHL) ("Antelope
Enterprise" or the "Company"), which engages in management and
business consulting, and online social commerce and live streaming,
and is a manufacturer of ceramic tiles used in residential and
commercial buildings in China,
announced today its 51% owned subsidiary, Hainan Kylin Cloud
Services Technology Co., Ltd ("Kylin
Cloud"), has entered into a Service Agreement Contract (the
"Service Contract") with Anhui Zhongzhou Innovation Industry Technology Co., Ltd. ("Anhui
Zhongzhou") to utilize its SaaS platform to help Anhui Zhongzhou recruit personnel for
its artificial intelligence (AI)
data services business. The one-year contract expires on
October 16, 2023, and can be renewed
thereafter.
Ms. Meishuang Huang, Chief Executive Officer of Antelope
Enterprise, commented, "We are pleased that Kylin Cloud has entered into an agreement to
deploy its leading-edge online social commerce platform to help
Anhui Zhongzhou meet their
technical staffing needs. Kylin
Cloud's SaaS system efficiently and effectively addresses
human resource needs with its access to a broad and deep
recruitment pool. We believe that Kylin
Cloud is uniquely positioned in the fluid part-time and
contactor employment sector in China to add substantial value in addressing
their clients' employment needs."
The Service Contract stipulates that Kylin Cloud will recruit part-time personnel for
Anhui Zhongzhou to help in their business development
associated with data collection, data labelling and data annotation
services for AI and machine learning for their clients. Kylin
Cloud will utilize its SaaS platform that encompasses live
broadcast, streaming media and content services to screen for
personnel that match the required professional skills and
experience needed by Anhui
Zhongzhou, referring such personnel to them for their
consideration. Many of these technical positions are linked via
Kylin Cloud's platform to WeChat
Moments, WeChat groups, QQ groups, Weibo, etc., where Anhui Zhongzhou can hold introductory
meetings and group chats. Anhui
Zhongzhou will pay Kylin
Cloud a management service fee and a performance fee based
on employment metrics.
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 Talented Management, Antelope Holdings (Chengdu) Co., Ltd and Kylin Cloud, are engaged in selected markets in
China and their operations
encompass business management, information system consulting, and
online social commerce and live streaming.
About Anhui Zhongzhou Innovation Industry
Technology Co., Ltd.
Anhui Zhongzhou Innovation Industry
Technology Co., Ltd. provides high-quality, efficient and
secure artificial intelligence data services involving data design,
data collection, data cleaning, data labeling and data quality
inspection services for various industries including global
high-tech, automotive, consumer electronics, e-commerce, financial
services, medical and health care, and scientific research
institutions.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited 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. The Company is also a
manufacturer of ceramic tiles in China which are used for exterior siding,
interior flooring, and design in residential and commercial
buildings, and sold under the "Hengda" or "HD" brand 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.