JINJIANG, China, Jan. 5, 2023
/PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQ
Capital Market: AEHL) ("Antelope Enterprise" or the "Company"),
which operates KylinCloud, a leading online social ecommerce and
live broadcast streaming platform with 200,000+ anchors and
influencers, and a legacy ceramic tiles manufacturing business in
China, today announced that its
Board of Directors has appointed Weilai ('Will') Zhang as its Chief
Executive Officer, effectively immediately. Ms. Meishuang Huang has
departed from her role as CEO but will remain as Chair of the Board
of Directors.
"I am honored and excited to serve as Antelope Enterprise's CEO
at this time when the Company is on the cusp of transforming itself
into a pure play in the rapidly emerging social ecommerce market in
China," said Weilai ('Will')
Zhang. "I would also like to thank Ms. Huang for her past
leadership and accomplishments as the Company navigated through a
challenging real estate market in China over the previous years, and we continue
to value her experience and welcome her guidance as Board
Chair."
"We believe that the Company's expanding livestreaming platform
has strong competitive positioning and a first-mover advantage that
offers a unique value proposition for a wide spectrum of anchors
and influencers as well as consumer brand companies to bring
ecommerce to its next stage of evolution," continued Mr. Zhang. "In
addition to KylinCloud's leading-edge technology, we are dedicated
to building a new, young and innovative culture and operating
infrastructure singularly focused on turning our vision of becoming
China's leading social ecommerce
platform into a reality."
Will Zhang brings extensive
entrepreneurial, venture capital and investment management
experience to his new role. From 2011 to 2020, he was the Chairman
of Huitong Tianxia Investment Ltd., an investment company. Since
2020, Mr. Zhang has acted as Chairman of Jinke Yulv Technology
Ltd., an internet technology firm in China. Mr. Zhang obtained a Diploma in Capital
and M&A Entrepreneurship from Fudan University in 2021, and a
Diploma in Finance and Capital Investment from Southwest University
in Finance and Economics in 2014.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited holds a 51% ownership
position in Hainan Kylin Cloud Services Technology Co., Ltd
("KylinCloud"), which operates a leading online social ecommerce
and live broadcast streaming platform with 200,000+ anchors and
influencers, and the Company operates a legacy ceramic tiles
manufacturing business in China.
For more information, please visit our website at
http://www.aehltd.com, or follow the Company on Twitter at
https://twitter.com/aehl_ltd. To receive the Company's public
announcements, please email investor@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.