Antelope Enterprise Supplies Replace of its Strategic Diversification into SaaS Expertise Enterprise

JINJIANG, China, Nov. 10, 2022 /PRNewswire/ — Antelope Enterprise Holdings Restricted (NASDAQ Capital Market: AEHL)…

Antelope Enterprise Supplies Replace of its Strategic Diversification into SaaS Expertise Enterprise

JINJIANG, China, Nov. 10, 2022 /PRNewswire/ — Antelope Enterprise Holdings Restricted (NASDAQ Capital Market: AEHL) (“Antelope Enterprise” or the “Firm”), which engages in administration and enterprise consulting, and on-line social commerce and reside streaming, and is a producer of ceramic tiles utilized in residential and business buildings in China, immediately introduced that its strategic plan to diversify into new expertise sectors that predominantly include SaaS+ expertise and enterprise providers to mitigate the difficult market circumstances of its ceramic tile phase is assembly with continued success. As introduced on September 29, 2022, for the primary half of its fiscal yr ended June 30, 2022, the Firm’s recorded income of $20.8 million, a rise of 169% over the identical interval in 2021. As well as, income attributable to its new expertise segments together with Hainan Kylin Cloud Providers Expertise Co., Ltd (“Kylin Cloud“), its new SaaS+ platform subsidiary, accounted for 88% of the Firm’s complete income.

Starting in fiscal 2020, Antelope Enterprise enacted its strategic plan to pivot in direction of new expertise sectors and engaged a brand new technology of expertise professionals to work for the Firm. Its new SaaS platform via its Kylin Cloud subsidiary encompasses (i) SaaS+ expertise system providers, (ii) service administration, (iii) enterprise administration together with gross sales of software program utilization rights for digital knowledge storage platforms and asset administration methods, and (iv) on-line streaming platforms together with brief video, reside streaming and e-commerce platform improvement and providers.

Ms. Meishuang Huang, Chief Government Officer of Antelope Enterprise, commented, “We’re very happy with the expansion and momentum of our SaaS platform companies. Our new enterprise mannequin leverages our SaaS+ system platform to serve new shopper and enterprise practices. These embody reside streaming, brief video, social commerce, technical system providers, enterprise administration and new streaming media. We’re inspired by the market alternatives that these new areas symbolize and are optimistic that following current enterprise wins, greater breakthroughs may comply with.”

Over the following few years, the Firm expects that the social e-commerce and streaming media business of brief video and reside broadcast in China will proceed to develop quickly, and that China will proceed to be the biggest marketplace for this expertise. The sturdy development and continued momentum of our new enterprise mannequin has helped us to offset the tough enterprise circumstances of our legacy ceramic tile enterprise that has suffered from the continued slowdown in China’s actual property business. Antelope Enterprise plans to speed up its enterprise improvement on this house to capitalize upon the anticipated development of the sector. Pushed by the brand new financial system and new employment tendencies, each of which Kylin Cloud is nicely positioned to handle, the brand new SaaS+ platform companies may imply that the Firm may enter a brand new stage of sustainable development because it turns into the brand new driving pressure for the Firm’s future development.  

About Antelope Enterprise Holdings Restricted

Antelope Enterprise Holdings Restricted engages in enterprise administration, data methods consulting, SaaS (software program as a service) and PaaS (platform as a service) methods platforms, and on-line social commerce and reside streaming in China. The Firm can be a producer of ceramic tiles in China that are used for exterior siding, inside flooring, and design in residential and business buildings, and offered below the “Hengda” or “HD” model. For extra data, please go to http://www.aehltd.com.

Protected Harbor Assertion

Sure of the statements made on this press launch are “forward-looking statements” inside the that means and protections of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Ahead-looking statements embrace statements with respect to our beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future efficiency, and contain recognized and unknown dangers, uncertainties and different components, which can be past our management, and which can trigger the precise outcomes, efficiency, capital, possession or achievements of the Firm to be materially totally different from future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements on this press launch embrace, with out limitation, the continued steady macroeconomic atmosphere within the PRC, the PRC actual property, development and expertise sectors persevering with to exhibit sound long-term fundamentals, our potential to convey extra ceramic tile manufacturing capability on-line going ahead as our enterprise improves, our ceramic tile clients persevering with to regulate to our product worth will increase, our potential to maintain our common promoting worth will increase and to proceed to construct quantity within the quarters forward, and whether or not our enhanced advertising and marketing efforts will assist to provide wider buyer acceptance of the brand new worth factors; and our potential to proceed to develop our enterprise administration, data system consulting, and on-line social commerce and reside streaming enterprise. All statements aside from statements of historic reality are statements that may very well be forward-looking statements. You possibly can determine these forward-looking statements via our use of phrases similar to “might,” “will,” “anticipate,” “assume,” “ought to,” “point out,” “would,” “imagine,” “ponder,” “count on,” “estimate,” “proceed,” “plan,” “level to,” “venture,” “may,” “intend,” “goal” and different comparable phrases and expressions of the longer term.

All written or oral forward-looking statements attributable to us are expressly certified of their entirety by this cautionary discover, together with, with out limitation, these dangers and uncertainties described in our annual report on Kind 20-F for the yr ended December 31, 2021 and in any other case in our SEC experiences and filings. Such experiences can be found upon request from the Firm, or from the Securities and Trade Fee, together with via the SEC’s Web web site at http://www.sec.gov. We’ve got no obligation and don’t undertake to replace, revise or appropriate any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements in any other case are made.

SOURCE Antelope Enterprise Holdings Ltd.

Antelope Enterprise Supplies Replace of its Strategic Diversification into SaaS Expertise Enterprise