CHENGDU,
China, March 31, 2023 /PRNewswire/ -- Antelope
Enterprise Holdings Limited (NASDAQ Capital Market: AEHL)
("Antelope Enterprise" or the "Company"), the majority owner and
operator of KylinCloud, a leading livestreaming social ecommerce
platform with 300,000+ anchors and influencers in China, today announced that effective
March 30, 2023, its Board of
Directors has appointed Ms. Huashu Yuan as a member of the
Company's Board of Directors. Ms. Yuan was appointed as a member of
the audit committee, and the chairperson of the nominating and
corporate governance committee and the chairperson of the
compensation committee. Ms. Yuan meets the Nasdaq Stock Market
independence requirements as well as additional independence
requirements under the US securities laws for membership on these
committees.
"We welcome Ms. Yuan to our Board and are confident that she
will make a positive contribution to the Company," said Chairman
and CEO Will Zhang of Antelope Enterprise.
Ms. Huashu Yuan is currently the marketing specialist of
Vesta Living Corp. since March 2022.
She also served as an outside consultant, providing marketing
advice to the Company from June 2021
to February 2023. Ms. Yuan was the
marketing manager for American Tianfu-Wenhui Publishing
Company based in New York
City from March 2021 to
February 2022. Ms. Yuan received a
B.A. in Communication Science and Rhetoric Studies from the
University of Wisconsin-Madison in 2019
and an M.A. in Emerging Media Studies from Boston University in 2020.
Also effective March 30, 2023, Mr.
Shen Chengliang, a member of the Company's Board, tendered his
resignation as a director. Mr. Shen's resignation was for personal
reasons and not due to any disagreements with the Company on any
matter related to the operations, policies or practices of the
Company.
"We thank Mr. Shen Chengliang for his many contributions to the
Company and we wish him the best of success in all of his future
endeavors," said Will Zhang,
Chairman and CEO of Antelope Enterprise.
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 livestreaming social
ecommerce platform with 300,000+ anchors and influencers in
China. The Company also operates a
legacy ceramic tile manufacturing business in China which is in the process of being
divested.
For more information, please visit our website at
http://www.aehl-kylin.com/, or follow the Company on Twitter at
https://twitter.com/AntelopeAEHL. 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 continue to grow our business
management, information system consulting, and online social
commerce and live streaming business, our ability to keep up with
and utilize new technologies to effectively compete within our
industry, our ability to attract and engage more anchors and
influencers to our platform, and the development of regulatory
environment of the online social commerce and live streaming
industries in China. 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.