Chan Heng Fai Ambrose - May 19, 2023 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: May 19, 2023
Transactions value $: $6,746
Form type: 4
Date filed: 5/23/2023, 04:05 PM
Previous filing: May 15, 2023
Next filing: Jun 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEI	Common Stock	Purchase	$6.75K	+4.55K	+0.1%	$1.48	4.4M	May 19, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 19, 2023, Mr. Chan acquired 4,552 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.44 to $1.50. 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 4,403,818 shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 319,000 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 4,722,818 shares of the common stock of Alset Inc.

Content

On May 19, 2023, Mr. Chan acquired 4,552 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.44 to $1.50. 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 4,403,818 shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 319,000 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 4,722,818 shares of the common stock of Alset Inc.