Zhang Weilai Amends Antelope Enterprise Holdings Filing

TL;DR

Zhang Weilai updated their stake in Antelope Enterprise Holdings. Check the filing for details.

AI Summary

On July 3, 2024, Zhang Weilai filed an amendment (SC 13D/A) for Antelope Enterprise Holdings Ltd. The filing indicates a change in beneficial ownership, with Zhang Weilai listed as the filer. The company's former name was China Ceramics Co., Ltd., with a name change on August 20, 2009. The filing address for Zhang Weilai is in Chengdu, Sichuan Province, PRC.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Antelope Enterprise Holdings Ltd., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate significant strategic moves or potential takeovers, introducing uncertainty.

Key Players & Entities

• Zhang Weilai (person) — Filer and beneficial owner
• Antelope Enterprise Holdings Ltd (company) — Subject company
• China Ceramics Co., Ltd (company) — Former name of subject company

FAQ

Key Financial Figures

• $10,000 — orting Person received a base salary of $10,000 in cash and $20,000 in ordinary shares,
• $20,000 — ed a base salary of $10,000 in cash and $20,000 in ordinary shares, no par value each T
• $4,800,000 — ued share capital of the Company from US$4,800,000 divided into 200,000,000 ordinary share
• $0.024 — 0 ordinary shares with a par value of US$0.024 each, to (i) 250,000,000 ordinary share
• $4,630,000 — ote” ) with a principal amount of $4,630,000 and an interest rate of 16% per annum.

Filing Documents

• formsc13da.htm (SC 13D/A) — 63KB
• 0001493152-24-026215.txt ( ) — 64KB

of the Schedule 13D is hereby supplemented by the following

Item 3 of the Schedule 13D is hereby supplemented by the following. On January 5, 2023, the Reporting Person entered into an employment agreement (the “Employment Agreement” ). with the Company to serve as its Chief Executive Officer, pursuant to which, the Reporting Person received a base salary of $10,000 in cash and $20,000 in ordinary shares, no par value each The share price was calculated based on the closing price of the last trading day of each month. On February 21, 2023, the shareholders of the Company approved and adopted an amended and restated memorandum and articles of association, which changed the authorized issued share capital of the Company from US$4,800,000 divided into 200,000,000 ordinary shares with a par value of US$0.024 each, to (i) 250,000,000 ordinary shares re-designated as (a) 200,000,000 Class A ordinary shares with no par value each, and (b) 50,000,000 Class B ordinary shares with no par value each, and (ii) 50,000,000 preferred shares with no par value each, (the “Re-Designation of the Authorized Capital” ). In connection with the Re-Designation of the Authorized Capital, 977,755 ordinary shares owned by the Reporting Person then were re-designated into 977,755 Class B ordinary shares. CUSIP No. G041JN122 On September 18, 2023, the Company completed a 1-for-10 reverse share split of its then outstanding Class A ordinary shares and Class B ordinary shares. Immediately following this reverse share split, the Reporting Person owned 97,776 Class B Ordinary Shares (the “Post-split Class B Ordinary Shares” ). Pursuant to the Employment Agreement, the Reporting Person acquired 52,124 Class A Ordinary Shares on August 31, 2023, which was exchanged to 5,213 Class A Ordinary Shares after the reverse share split; and on September 29, 2023, the reporting person acquired 6,453 Class A Ordinary Shares (the “September Class A Ordinary Shares” ).In 2020, the Reporting Person acquired 37,242 r

View Full Filing

View this SC 13D/A filing on SEC EDGAR