Antelope Enterprise Secures $6 Million Convertible Promissory Note

New York, New York, Sept. 11, 2026 /CourierPR/ -- Antelope Enterprise Holdings Limited, a company providing livestreaming e-commerce services, business management, and information systems consulting services in China, has secured a $6.0 million convertible promissory note from Stratosphere Capital Management Inc. The note, issued on September 9, 2026, will bear interest at an annual rate of 8.00% and can be converted into the company's Class A ordinary shares at the option of the holder.

The net proceeds from the issuance are estimated to be approximately $6.0 million after deducting estimated offering expenses. The note has no fixed maturity date and can be converted into ordinary shares at a price equal to 80% of the lowest daily volume-weighted average price (VWAP) of the ordinary shares on the Nasdaq Capital Market during the three trading days ending on and including the applicable conversion date.

Antelope Enterprise Holdings Limited operates through its 51% ownership position in Hainan Kylin Cloud Services Technology Co. Ltd, which focuses on livestreaming e-commerce in China. The convertible note issuance is part of the company's ongoing efforts to secure additional funding to support its growth and expansion plans.

The note is subject to a strict beneficial ownership limitation, ensuring that the holder will not have the right to convert any portion of the note if, immediately following such conversion, the holder and its affiliates would beneficially own in excess of 9.99% of the company's issued and outstanding ordinary shares. Additionally, the ordinary shares issuable upon conversion of the note are subject to a Conversion Shares Registration Cap of 12,000,000 shares.

This financing round is being offered pursuant to a "shelf" registration statement on Form F-3 that was previously filed by the company and became effective under the rules of the Securities and Exchange Commission (SEC) on May 5, 2026. A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Before investing in the offering, potential investors are advised to read the preliminary prospectus supplement and the accompanying prospectus in their entirety, as well as other documents filed with the SEC, which provide more information about the company and the offering.

The company's CFO, Xiaoying Song, commented, "This financing will support our continued growth and expansion in the livestreaming e-commerce and information systems consulting sectors. We are pleased to have secured this funding from Stratosphere Capital Management Inc. and look forward to leveraging these resources to drive our business forward."

The terms of the convertible promissory note and the conditions for conversion highlight the company's strategic focus on maintaining a balanced capital structure and ensuring that its shareholders' interests are protected. Antelope Enterprise Holdings Limited remains committed to its mission of providing innovative solutions in the livestreaming e-commerce and information systems consulting industries.