Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering

Antelope Enterprise Holdings Ltd. , a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that it has entered into a definitive agreement with three institutional investors for a registered direct offering of securities with gross proceeds of approximately $2.1 million, before payment of commissions and expenses. The closing of the offering is expected to take place on or about February 17, 2021, subject to the satisfaction of customary closing conditions.

In connection with the offering, the Company will issue 588,236 registered common shares at a purchase price of $3.57 per share. Concurrently in a private placement, for each common share purchased by an investor, such investor will receive from the Company an unregistered warrant to purchase one common share. The warrants have an exercise price of $3.57 per share, will be exercisable immediately upon issuance, and will expire five years from the initial exercise date.

The Company plans to use the net proceeds from the offering for general corporate and working capital purposes.

Dawson James Securities, Inc. acted as the sole placement agent in connection with the offering.

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