Chan Heng Fai Ambrose - Jul 18, 2022 Form 4 Insider Report for Alset EHome International Inc. (AEI)

Signature
/s/ Chan Heng Fai
Stock symbol
AEI
Transactions as of
Jul 18, 2022
Transactions value $
$0
Form type
4
Date filed
7/19/2022, 04:59 PM
Previous filing
Jul 14, 2022
Next filing
Oct 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEI Common Stock Other +35.3M +94.52% 72.7M Jul 18, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 18, 2022, Mr. Chan acquired 35,319,290 shares of the Issuer's common stock pursuant to a Securities Purchase Agreement entered into with the Issuer dated January 17, 2022, as amended on February 28, 2022 (the "SPA"), wherein the Issuer agreed to purchase from Mr. Chan 293,428,200 ordinary shares of Alset International Limited for a purchase price of 35,319,290 newly issued shares of the Issuer's common stock.
F2 In addition to the 72,685,923 shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 6,380,000 shares of common stock held by HFE Holdings Limited and 398,348 shares of common stock held by Heng Fai Holdings Limited. Mr. Chan has sole voting and investment power with respect to the shares held by each of HFE Holdings Limited and Heng Fai Holdings Limited. Mr. Chan is the beneficial owner of 79,464,271 shares of the common stock of Alset EHome International Inc.