Antelope Enterprise Announces Entry into Energy Supply Sector to Meet High Anticipated Demand Page 1

Electricity demand is expected to rise to new heights

NEW YORK, NY, Sept. 17, 2024 (GLOBE NEWSWIRE) — Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise”, “AEHL” or the “Company”), the majority shareholder of Hainan Kylin Cloud Services Technology Co., Ltd (“Kylin Cloud”), the operator of a livestreaming e-commerce business in China, announced that it plans to soon enter the energy sector by producing electricity using natural gas generators in Texas. AEHL has launched this business in the U.S. to meet the rapidly growing needs of the computing power industry.

“We believe our strategic positioning in the energy supply sector is extremely timely to meet the high expected energy demand due to the growth in cryptocurrency mining,” said Will Zhang, CEO of Antelope Enterprise. “We believe we can provide a cost-effective solution that will deliver sustainable value to crypto mining companies in Midland, Texas.”