Business
Antelope Enterprise Subsidiary Kylin Cloud Enters into Service Contract with AI Enterprise
JINJIANG, China, Nov. 9, 2022 /PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) ("Antelope Enterprise" or the "Company"),
About this update from Antelope Enterprise Holdings Limited
[{"type":"text","content":"JINJIANG, China, Nov. 9, 2022 /PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (\"Antelope Enterprise\" or the \"Company\"), which engages in management and business consulting, and online social commerce and live streaming, and is a manufacturer of ceramic tiles used in residential and commercial buildings in China, announced today its 51% owned subsidiary, Hainan Kylin Cloud Services Technology Co., Ltd (\"Kylin Cloud\"), has entered into a Service Agreement Contract (the \"Service Contract\") with Anhui Zhongzhou Innovation Industry Technology Co., Ltd. (\"Anhui Zhongzhou\") to utilize its SaaS platform to help Anhui Zhongzhou recruit personnel for its artificial intelligence (AI) data services business. The one-year contract expires on October 16, 2023, and can be renewed thereafter.\nMs. Meishuang Huang, Chief Executive Officer of Antelope Enterprise, commented, \"We are pleased that Kylin Cloud has entered into an agreement to deploy its leading-edge online social commerce platform to help Anhui Zhongzhou meet their technical staffing needs. Kylin Cloud's SaaS system efficiently and effectively addresses human resource needs with its access to a broad and deep recruitment pool. We believe that Kylin Cloud is uniquely positioned in the fluid part-time and contactor employment sector in China to add substantial value in addressing their clients' employment needs.\"\nThe Service Contract stipulates that Kylin Cloud will recruit part-time personnel for Anhui Zhongzhou to help in their business development associated with data collection, data labelling and data annotation services for AI and machine learning for their clients. Kylin Cloud will utilize its SaaS platform that encompasses live broadcast, streaming media and content services to screen for personnel that match the required professional skills and experience needed by Anhui Zhongzhou, referring such personnel to them for their consideration. Many of these technical positions are linked via Kylin Cloud's platform to WeChat Moments, WeChat groups, QQ groups, Weibo, etc., where Anhui Zhongzhou can hold introductory meetings and group chats. Anhui Zhongzhou will pay Kylin Cloud a management service fee and a performance fee based on employment metrics.\nKylin Cloud is a relatively new operating subsidiary of Antelope Enterprise and inte...