Chan Heng Fai Ambrose - Jan 17, 2024 Form 4 Insider Report for SHARING SERVICES GLOBAL Corp (SHRG)

Role: Director, Executive Chairman, 10%+ Owner
Signature: /s/ Chan Heng Fai Ambrose
Stock symbol: SHRG
Transactions as of: Jan 17, 2024
Transactions value $: $250,000
Form type: 4
Date filed: 1/19/2024, 07:44 PM
Previous filing: Jan 11, 2024
Next filing: Feb 1, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SHRG	Convertible Promissory Note	Purchase	$250K				$250K	Jan 17, 2024	Common Stock			See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	On January 17, 2024, Sharing Services Global Corporation (the "Issuer") entered into a Convertible Promissory Note promising to pay Alset Inc., a Texas corporation, $250,000.00. All amounts due under the Convertible Promissory Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price shall be equal to the average closing market price for the Issuer's common stock for the three (3) trading days prior to the date of the conversion notice.
F2	Mr. Chan is the Chairman, Chief Executive Officer and majority stockholder of Alset Inc. Mr. Chan, as indirect beneficial owner, has dispositive control over the securities of the Issuer owned by Alset Inc.

Content

On January 17, 2024, Sharing Services Global Corporation (the "Issuer") entered into a Convertible Promissory Note promising to pay Alset Inc., a Texas corporation, $250,000.00. All amounts due under the Convertible Promissory Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price shall be equal to the average closing market price for the Issuer's common stock for the three (3) trading days prior to the date of the conversion notice.

Mr. Chan is the Chairman, Chief Executive Officer and majority stockholder of Alset Inc. Mr. Chan, as indirect beneficial owner, has dispositive control over the securities of the Issuer owned by Alset Inc.