Chan Heng Fai Ambrose - 16 Dec 2022 Form 4 Insider Report for Alset Inc. (AEI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Chan Heng Fai Ambrose
Issuer symbol: AEI
Transactions as of: 16 Dec 2022
Net transactions value: +$13,669
Form type: 4
Filing time: 19 Dec 2022, 15:24:17 UTC
Previous filing: 14 Dec 2022
Next filing: 22 Dec 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	Purchase	$13,669	+84,636	+0.11%	$0.1615^*	76,155,991	16 Dec 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 December 16, 2022, Mr. Chan acquired 84,636 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1591 to $0.17. 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 76,155,991 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 82,535,991 shares of the common stock of Alset Inc.

Content

On December 16, 2022, Mr. Chan acquired 84,636 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1591 to $0.17. 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 76,155,991 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 82,535,991 shares of the common stock of Alset Inc.