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Stock impact report

Antelope Enterprise Announces its Plan to Launch Energy Transmission Business and Appoints Management Team to Spearhead Such Initiative

Antelope Enterprise Holdings Limited - Class A Ordinary Shares (AEHL) 
Company Research Source: GlobeNewswire
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) ("Antelope Enterprise" or the "Company"), which operates KylinCloud, a livestreaming ecommerce business in China with access to 800,000+ hosts and influencers, announced today that its plan to launch its energy transmission business.The Board appointed Mr. Huoyou Zhang as an Executive Director to the Company’s Board of Directors, effective April 26, 2024, and Mr. Di Wu as a Director and President of its operating subsidiary to lead this new business. Also, Mr. Qiguo Wang resigned from the Company’s Board, effective April 26, 2024, for personal reasons. The Company’s new business of energy transmission is being operated via its wholly owned subsidiary, AEHL US LLC (“AEHL US”). AEHL US has taken preliminary steps in developing this business including engaging a broker to source natural gas from natural gas provider in Texas and the procurement of electricity generators. AEH Show less Read more
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