Antelope Enterprise Holdings Ltd. - Convertible Promissory Note Issuance

Antelope Enterprise Holdings Ltd. has entered into a Note Purchase Agreement with an accredited investor for the issuance and sale of a convertible promissory note with a principal amount of $3,000,000. The note carries an annual interest rate of 8.00% and matures in 18 months, with an option for the holder to convert it into class A ordinary shares, subject to a 9.99% beneficial ownership limitation. The conversion price is set at 90% of the lowest daily trading price preceding the conversion notice. The offering closed on May 26, 2026, with the company receiving gross proceeds of approximately $3 million before expenses. The issuance is made under a prospectus supplement filed in connection with a shelf registration statement on Form F-3.