COMMITMENTS

12 Months Ended

Dec. 31, 2022

COMMITMENTS

28. COMMITMENTS

(a) Operating lease commitments

The Company leases production factories, warehouses and employees’ hostel from unrelated parties under non-cancellable operating lease arrangements. The leases have varying terms and the total future minimum lease payments of the Company under non-cancellable operating leases are payable as follows:

	As of December 31,
	2022		2021		2020
	RMB’000		RMB’000		RMB’000
Within one year		328		13,404		13,431
After one year and within five years		157		33,325		46,728
		485		46,729		60,159

As of December 31, 2022, total operating lease liabilities payable of discontinued operations amounts of RMB 33,325,000 (Note 29).

The leases typically run for an initial period of three years, with an option to renew the lease when all terms are renegotiated. Lease payments are usually increased every three years to reflect market rentals. None of the leases includes contingent rentals.

(b) Capital commitments

The Company’s capital expenditures consist of expenditures on property, plant and equipment and capital contribution. Capital expenditures contracted for at the balance sheet date but not recognized in the financial statements are as follows:

	As of December 31,
	2022		2021		2020
	RMB’000		RMB’000		RMB’000
Contracted for capital commitment in respect of capital contribution to its wholly foreign owned subsidiary in the PRC:
Chengdu Future		30,000,000		30,000,000		30,000,000
Antelope Chengdu		47,365,376		65,250,000		62,250,000
Hainan Antelope Holding		63,726,000		63,726,000		—
Antelope Future (Yangpu)		60,970,159		63,726,000		—
Antelope Investment (Hainan)		50,000,000		50,000,000		—
Antelope Ruicheng Investment		47,245,000		50,000,000		—
Hangzhou Kylin Cloud Service Technology		4,500,000		—		—
Anhui Kylin Cloud Service Technology		4,900,000		—		—