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

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Chan Heng Fai
Issuer symbol: AEI
Transactions as of: 18 Jul 2022
Net transactions value: $0
Form type: 4
Filing time: 19 Jul 2022, 16:59:04 UTC
Previous filing: 14 Jul 2022
Next filing: 03 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEI	Common Stock	Other		+35,319,290	+95%		72,685,923	18 Jul 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.

Content

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.

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.