Heng Fai Ambrose Chan - Nov 30, 2022 Form 4 Insider Report for Alset Inc. (AEI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: / s/ Chan Heng Fai Ambrose
Stock symbol: AEI
Transactions as of: Nov 30, 2022
Transactions value $: $118,000
Form type: 4
Date filed: 12/2/2022, 08:05 AM
Previous filing: Nov 28, 2022
Next filing: Dec 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEI	Common Stock	Purchase	$118K	+500K	+0.66%	$0.24^*	76.1M	Nov 30, 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 November 30, 2022, Mr. Chan acquired 500,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.2001 to $.2657. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F2	In addition to the 76,071,355 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. Mr. Chan has sole voting and investment power with respect to the shares held by HFE Holdings Limited. Mr. Chan is the beneficial owner of 82,451,355 shares of the common stock of Alset Inc.

Content

On November 30, 2022, Mr. Chan acquired 500,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.2001 to $.2657. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

In addition to the 76,071,355 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. Mr. Chan has sole voting and investment power with respect to the shares held by HFE Holdings Limited. Mr. Chan is the beneficial owner of 82,451,355 shares of the common stock of Alset Inc.