Antelope Enterprise Holdings Ltd. Receives Deficiency Letter from NASDAQ Regarding Minimum Bid Price Deficiency

CHENGDU, China, July 26, 2023 /PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQCapitalMarket:AEHL) ("Antelope Enterprise", "AEHL" or the "Company"), the operator of KylinCloud, a livestreaming ecommerce business in China with access to 400,000+ hosts and influencers, today announced that on July 25, 2023, it received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market ("Nasdaq"). The deficiency letter advised that for the last 30 consecutive business days the bid price for the Company's Class A ordinary shares had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"). The deficiency letter does not result in the immediate delisting of the Company's common stock from the Nasdaq Capital Market.