Chan Heng Fai Ambrose

SEC source: 0001493152-24-002113 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Alset Acquisition Sponsor, LLC · CIK 0001908910 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 2,156,250

F3 · shares: In connection with the business combination, 2,156,250 shares of Alset Class B Common Stock held by Alset Capital Acquisition Sponsor, LLC (the "Sponsor") were converted into 2,156,250 shares of the Issuer's common stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor.

F3 · price: In connection with the business combination, 2,156,250 shares of Alset Class B Common Stock held by Alset Capital Acquisition Sponsor, LLC (the "Sponsor") were converted into 2,156,250 shares of the Issuer's common stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor.

F3 · balance_after: In connection with the business combination, 2,156,250 shares of Alset Class B Common Stock held by Alset Capital Acquisition Sponsor, LLC (the "Sponsor") were converted into 2,156,250 shares of the Issuer's common stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor.

F3 · ownership.nature: In connection with the business combination, 2,156,250 shares of Alset Class B Common Stock held by Alset Capital Acquisition Sponsor, LLC (the "Sponsor") were converted into 2,156,250 shares of the Issuer's common stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor.

SEC source: 0001493152-24-002113 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Alset Acquisition Sponsor, LLC · CIK 0001908910 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 10,900,000

F1 · shares: On January 9, 2024, the Issuer completed a business combination. Under the terms of the business combination, all of the issued and outstanding Class A and Class B Common Stock of the Issuer, formerly known as Alset Capital Acquisition Corp., converted into shares of Common Stock of the Issuer, now known as HWH International Inc.

F2 · shares: In connection with the business combination, 10,900,000 shares of the Issuer's common stock were issued to Alset International Limited, a Singapore company, as merger consideration. Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset International Limited, and as the Chairman, Chief Executive Officer and majority owner of Alset Inc., which is the majority stockholder of Alset International Limited.

F1 · price: On January 9, 2024, the Issuer completed a business combination. Under the terms of the business combination, all of the issued and outstanding Class A and Class B Common Stock of the Issuer, formerly known as Alset Capital Acquisition Corp., converted into shares of Common Stock of the Issuer, now known as HWH International Inc.

F2 · price: In connection with the business combination, 10,900,000 shares of the Issuer's common stock were issued to Alset International Limited, a Singapore company, as merger consideration. Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset International Limited, and as the Chairman, Chief Executive Officer and majority owner of Alset Inc., which is the majority stockholder of Alset International Limited.

F1 · balance_after: On January 9, 2024, the Issuer completed a business combination. Under the terms of the business combination, all of the issued and outstanding Class A and Class B Common Stock of the Issuer, formerly known as Alset Capital Acquisition Corp., converted into shares of Common Stock of the Issuer, now known as HWH International Inc.

F2 · balance_after: In connection with the business combination, 10,900,000 shares of the Issuer's common stock were issued to Alset International Limited, a Singapore company, as merger consideration. Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset International Limited, and as the Chairman, Chief Executive Officer and majority owner of Alset Inc., which is the majority stockholder of Alset International Limited.

F2 · ownership.nature: In connection with the business combination, 10,900,000 shares of the Issuer's common stock were issued to Alset International Limited, a Singapore company, as merger consideration. Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset International Limited, and as the Chairman, Chief Executive Officer and majority owner of Alset Inc., which is the majority stockholder of Alset International Limited.

SEC source: 0001493152-24-000039 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,586,499

F1 · shares: On December 28, 2023, the reporting person purchased 672,173 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1239 to $0.15. 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.

F1 · price: On December 28, 2023, the reporting person purchased 672,173 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1239 to $0.15. 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 · balance_after: The beneficial ownership of Heng Fai Chan includes a total of 82,458,315 shares of common stock, consisting of (a) 59,552 shares of common stock held by Heng Fai Holdings Limited, an entity controlled by Heng Fai Chan; (b) 19,586,499 shares of common stock held by Heng Fai Chan directly; (c) 35,213,416 shares of common stock held by Alset Inc., an entity controlled by Mr. Chan; (d) 21,366,177 shares of common stock held by Alset International Limited, an entity controlled by Mr. Chan and a subsidiary of Alset Inc.; and (e) 6,232,671 shares of common stock held by Global Biomedical Pte. Ltd., an entity controlled by Mr. Chan and a subsidiary of Alset International Limited.

SEC source: 0001493152-23-045457 · ownership.xml · derivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: Not disclosed

Underlying: Common Stock · Not disclosed shares

Expires 2026-12-15

F1 · reported_value: Please refer to Remarks, below.

F1 · price: Please refer to Remarks, below.

F1 · derivative.underlying_shares: Please refer to Remarks, below.

F1 · valueOwnedAfter: Please refer to Remarks, below.

F2 · ownership.nature: Held by Hapi Metaverse Inc. The majority stockholder of Hapi Metaverse Inc. is Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-23-043644 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 485,150

F1 · balance_after: On November 30, 2023, Alset Inc. sold 40,400 shares of the Issuer's Class A Common Stock at a price of $10.60 per share.

F2 · balance_after: In addition to the 11,400 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 485,150 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,000 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F1 · ownership.nature: On November 30, 2023, Alset Inc. sold 40,400 shares of the Issuer's Class A Common Stock at a price of $10.60 per share.

F2 · ownership.nature: In addition to the 11,400 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 485,150 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,000 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F3 · ownership.nature: In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.

SEC source: 0001493152-23-032115 · ownership.xml · derivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Common Stock · Not disclosed shares

Expires 2026-02-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Please refer to Remarks, below.

F1 · reported_value: Please refer to Remarks, below.

F1 · price: Please refer to Remarks, below.

F1 · derivative.underlying_shares: Please refer to Remarks, below.

F1 · balance_after: Please refer to Remarks, below.

F2 · ownership.nature: Consists of 21,120,795 shares of common stock, par value $0.00001 per share, of Value Exchange International, Inc. ("VEII") held by Hapi Metaverse Inc., 39,968 shares held by BMI Capital Partners International Limited, 18,512 shares held by LiquidValue Development Pte Ltd. and 313,154 shares held by Decentralized Sharing Systems, Inc. In addition, 95,000 shares of VEII common stock are held directly by Heng Fai Chan.

SEC source: 0001493152-23-032115 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 21,492,429

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Please refer to Remarks, below.

F2 · balance_after: Consists of 21,120,795 shares of common stock, par value $0.00001 per share, of Value Exchange International, Inc. ("VEII") held by Hapi Metaverse Inc., 39,968 shares held by BMI Capital Partners International Limited, 18,512 shares held by LiquidValue Development Pte Ltd. and 313,154 shares held by Decentralized Sharing Systems, Inc. In addition, 95,000 shares of VEII common stock are held directly by Heng Fai Chan.

F2 · ownership.nature: Consists of 21,120,795 shares of common stock, par value $0.00001 per share, of Value Exchange International, Inc. ("VEII") held by Hapi Metaverse Inc., 39,968 shares held by BMI Capital Partners International Limited, 18,512 shares held by LiquidValue Development Pte Ltd. and 313,154 shares held by Decentralized Sharing Systems, Inc. In addition, 95,000 shares of VEII common stock are held directly by Heng Fai Chan.

SEC source: 0001493152-23-032354 · ownership.xml · derivative · entry 3

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 36,723,160

Underlying: Common Stock · 36,723,160 shares

Expires 2028-09-06

F1 · derivative.exercise_price: Please refer to Remarks, below.

F1 · price: Please refer to Remarks, below.

F1 · balance_after: Please refer to Remarks, below.

F1 · ownership.nature: Please refer to Remarks, below.

SEC source: 0001493152-23-032354 · ownership.xml · derivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Common Stock · Not disclosed shares

Expires 2026-02-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Please refer to Remarks, below.

F1 · reported_value: Please refer to Remarks, below.

F1 · price: Please refer to Remarks, below.

F1 · derivative.underlying_shares: Please refer to Remarks, below.

F1 · balance_after: Please refer to Remarks, below.

F2 · ownership.nature: Consists of 21,120,795 shares of common stock, par value $0.00001 per share, of Value Exchange International, Inc. ("VEII") held by Hapi Metaverse Inc., 39,968 shares held by BMI Capital Partners International Limited, 18,512 shares held by LiquidValue Development Pte Ltd. and 313,154 shares held by Decentralized Sharing Systems, Inc. In addition, 95,000 shares of VEII common stock are held directly by Heng Fai Chan.

SEC source: 0001493152-23-032354 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 21,492,429

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Please refer to Remarks, below.

F2 · balance_after: Consists of 21,120,795 shares of common stock, par value $0.00001 per share, of Value Exchange International, Inc. ("VEII") held by Hapi Metaverse Inc., 39,968 shares held by BMI Capital Partners International Limited, 18,512 shares held by LiquidValue Development Pte Ltd. and 313,154 shares held by Decentralized Sharing Systems, Inc. In addition, 95,000 shares of VEII common stock are held directly by Heng Fai Chan.

F2 · ownership.nature: Consists of 21,120,795 shares of common stock, par value $0.00001 per share, of Value Exchange International, Inc. ("VEII") held by Hapi Metaverse Inc., 39,968 shares held by BMI Capital Partners International Limited, 18,512 shares held by LiquidValue Development Pte Ltd. and 313,154 shares held by Decentralized Sharing Systems, Inc. In addition, 95,000 shares of VEII common stock are held directly by Heng Fai Chan.

SEC source: 0001493152-23-027071 · ownership.xml · nonDerivative · entry 6

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 525,540

F6 · price: On August 4, 2023, Alset Inc. acquired 400 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $7.24 to $7.78. 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.

F7 · balance_after: In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F7 · ownership.nature: In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F8 · ownership.nature: In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.

SEC source: 0001493152-23-027071 · ownership.xml · nonDerivative · entry 3

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,010

F3 · price: On August 4, 2023, the reporting person directly acquired 10 shares of the Issuer's Class A Common Stock at $7.00 per share.

SEC source: 0001493152-23-027071 · ownership.xml · nonDerivative · entry 5

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 525,140

F5 · price: On August 3, 2023, Alset Inc. acquired 3,871 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.68 to $8.00. 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.

F7 · balance_after: In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F7 · ownership.nature: In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F8 · ownership.nature: In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.

SEC source: 0001493152-23-027071 · ownership.xml · nonDerivative · entry 4

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 521,269

F4 · price: On August 3, 2023, Alset Inc. acquired 15,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.84 to $8.36. 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.

F7 · balance_after: In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F7 · ownership.nature: In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.

F8 · ownership.nature: In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.

SEC source: 0001493152-23-027071 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,000

F2 · price: On August 3, 2023, the reporting person directly acquired 8,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.85 to $8.275. 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.

SEC source: 0001493152-23-027071 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,000

F1 · price: On August 3, 2023, the reporting person directly acquired 5,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.71 to $8.12. 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.

SEC source: 0001493152-23-026578 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 506,269

F2 · price: On August 2, 2023, Alset Inc. acquired 7,519 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $4.68 to $8.02. 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.

F3 · balance_after: In addition to the 32,519 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor, and therefore beneficially owns 506,269 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest.

F3 · ownership.nature: In addition to the 32,519 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor, and therefore beneficially owns 506,269 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest.

F4 · ownership.nature: In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.

SEC source: 0001493152-23-026578 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 498,750

F1 · price: On August 2, 2023, Alset Inc. acquired 25,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $4.75 to $7.615. 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.

F3 · balance_after: In addition to the 32,519 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor, and therefore beneficially owns 506,269 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest.

F3 · ownership.nature: In addition to the 32,519 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor, and therefore beneficially owns 506,269 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest.

F4 · ownership.nature: In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.

SEC source: 0001493152-23-023119 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,623,818

F2 · price: On June 29, 2023, Mr. Chan acquired 10,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.67 to $1.76. 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.

F3 · balance_after: In addition to the 4,623,818 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 4,942,818 shares of the common stock of Alset Inc.

SEC source: 0001493152-23-023119 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,613,818

F1 · price: On June 28, 2023, Mr. Chan acquired 10,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.55 to $1.70. 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.

F3 · balance_after: In addition to the 4,623,818 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 4,942,818 shares of the common stock of Alset Inc.

SEC source: 0001493152-23-019760 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,603,818

F2 · price: On May 31, 2023, Mr. Chan acquired 100,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.73 to $2.08. 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.

F3 · balance_after: In addition to the 4,603,818 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 4,922,818 shares of the common stock of Alset Inc.

SEC source: 0001493152-23-019760 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,503,818

F1 · price: On May 30, 2023, Mr. Chan acquired 100,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.39 to $1.84. 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.

F3 · balance_after: In addition to the 4,603,818 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 4,922,818 shares of the common stock of Alset Inc.

SEC source: 0001493152-23-018719 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,403,818

F1 · price: 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 · balance_after: 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.

SEC source: 0001493152-23-017437 · ownership.xml · nonDerivative · entry 5

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Exec. Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · Footnote

Disclosed balance after: 125,743,632

F1 · kind: Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc.

F5 · shares: Comprises (i) 70,426,832 SHRG shares received pursuant to the DSS Distribution by Alset Inc., (ii) 42,732,354 SHRG shares received pursuant to the DSS Distribution by Alset International Limited, and (iii) 12,465,342 SHRG shares received pursuant to the DSS Distribution by Global Biomedical Pte. Ltd. Does not include the 1,443,194 SHRG shares held by DSS Inc. after giving effect to the DSS Distribution or the 6,274,358 SHRG shares held by Decentralized Sharing Systems, Inc. after giving effect to the DSS Distribution, the beneficial ownership of which shares are reported separately by DSS Inc. Mr. Chan Heng Fai Ambrose is the Chairman of the Board of Directors of DSS Inc.

F5 · ownership.nature: Comprises (i) 70,426,832 SHRG shares received pursuant to the DSS Distribution by Alset Inc., (ii) 42,732,354 SHRG shares received pursuant to the DSS Distribution by Alset International Limited, and (iii) 12,465,342 SHRG shares received pursuant to the DSS Distribution by Global Biomedical Pte. Ltd. Does not include the 1,443,194 SHRG shares held by DSS Inc. after giving effect to the DSS Distribution or the 6,274,358 SHRG shares held by Decentralized Sharing Systems, Inc. after giving effect to the DSS Distribution, the beneficial ownership of which shares are reported separately by DSS Inc. Mr. Chan Heng Fai Ambrose is the Chairman of the Board of Directors of DSS Inc.

F6 · ownership.nature: Mr. Chan Heng Fai Ambrose serves as (i) the Chief Executive Officer and Chairman of the board of directors of Alset Inc., (ii) as the Group Chief Executive Officer of Alset International Limited, and (iii) as the Director of Global Biomedical Pte. Ltd. Accordingly, due to his interest in, and control over these entities, Mr. Chan indirectly holds beneficial interest in SHRG shares owned by such entities, and can exercise common control over the voting powers of these SHRG shares.

SEC source: 0001493152-23-017437 · ownership.xml · nonDerivative · entry 4

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Exec. Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Indirect · Footnote

Disclosed balance after: 119,104

F1 · kind: Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc.

F4 · shares: Comprises 119,104 SHRG shares received pursuant to the DSS Distribution by Heng Fai Holdings Limited. Mr Chan Heng Fai Ambrose is the sole Director and sole Shareholder of this company.

F4 · ownership.nature: Comprises 119,104 SHRG shares received pursuant to the DSS Distribution by Heng Fai Holdings Limited. Mr Chan Heng Fai Ambrose is the sole Director and sole Shareholder of this company.

SEC source: 0001493152-23-017437 · ownership.xml · nonDerivative · entry 3

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Exec. Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,828,652

F1 · kind: Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc.

F3 · balance_after: Mr. Chan Heng Fai Ambrose holds the shares received pursuant to the DSS Distribution in his personal broker account with Westpark Capital.

SEC source: 0001493152-23-017437 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Exec. Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,954,576

F1 · kind: Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc.

F2 · balance_after: Mr. Chan Heng Fai Ambrose holds the shares received pursuant to the DSS Distribution in his personal broker account with Credit Suisse Hong Kong.

SEC source: 0001493152-23-017437 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Exec. Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,071,768

F1 · kind: Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc.

F1 · balance_after: Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc.

SEC source: 0001493152-23-006136 · ownership.xml · derivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 12,727,272

Underlying: Common Stock · 12,727,272 shares

Expires 2026-02-23

F1 · derivative.exercise_price: Refer Remark.

F1 · price: Refer Remark.

F1 · derivative.exercise_date: Refer Remark.

F1 · derivative.underlying_shares: Refer Remark.

F1 · balance_after: Refer Remark.

F2 · ownership.nature: Held by GigWorld. GigWorld's majority shareholder is Alset Inc. ("Alset"). Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset, and the Chairman and Chief Executive Officer of Alset. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-23-009565 · ownership.xml · derivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

Hapi Metaverse Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Common Stock · Not disclosed shares

Expires 2026-02-23

F1 · derivative.exercise_price: Please refer to Remarks, below.

F1 · reported_value: Please refer to Remarks, below.

F1 · price: Please refer to Remarks, below.

F1 · derivative.underlying_shares: Please refer to Remarks, below.

F1 · balance_after: Please refer to Remarks, below.

F2 · ownership.nature: Held by Hapi Metaverse Inc. (formerly known as GigWorld Inc.). Hapi Metaverse's majority shareholder is Alset Inc. ("Alset"). Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset, and the Chairman and Chief Executive Officer of Alset. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-23-004067 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,399,266

F1 · kind: On February 8, 2023, the reporting person purchased 545,400 shares of the Issuer's Common Stock at a purchase price of $2.20 per share in a public offering.

F2 · balance_after: In addition to the 4,399,266 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 4,718,266 shares of the common stock of Alset Inc.

SEC source: 0001493152-22-036303 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,078,375

F2 · price: On December 21, 2022, Mr. Chan acquired 322,384 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1755 to $0.19. 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.

F3 · balance_after: In addition to the 77,078,375 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 83,458,375 shares of the common stock of Alset Inc.

SEC source: 0001493152-22-036303 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,755,991

F1 · price: On December 20, 2022, Mr. Chan acquired 600,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1557 to $0.2614. 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.

SEC source: 0001493152-22-035876 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,155,991

F1 · price: 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 · balance_after: 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.

SEC source: 0001493152-22-035493 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,914,326

F1 · shares: On December 13, 2022, the reporting person purchased 334,921 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1899 to $0.25. 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.

F1 · price: On December 13, 2022, the reporting person purchased 334,921 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1899 to $0.25. 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 · balance_after: The beneficial ownership of Heng Fai Chan includes a total of 81,786,142 shares of common stock, consisting of (a) 59,552 shares of common stock held by Heng Fai Holdings Limited, an entity controlled by Heng Fai Chan; (b) 18,914,326 shares of common stock held by Heng Fai Chan directly; (c) 35,213,416 shares of common stock held by Alset Inc.; (d) 21,366,177 shares of common stock held by Alset International Limited, a subsidiary of Alset Inc.; and (e) 6,232,671 shares of common stock held by Global Biomedical Pte. Ltd., a subsidiary of Alset International Limited. Mr. Chan, as indirect beneficial owner, has dispositive control over the securities of the Issuer owned by Alset Inc., Alset International Limited and Global Biomedical Pte. Ltd.

SEC source: 0001493152-22-035312 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,579,405

F1 · shares: On December 9, 2022, the reporting person purchased 51,385 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1866 to $0.195. 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.

F1 · price: On December 9, 2022, the reporting person purchased 51,385 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1866 to $0.195. 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 · balance_after: The beneficial ownership of Heng Fai Chan includes a total of 81,451,221 shares of common stock, consisting of (a) 59,552 shares of common stock held by Heng Fai Holdings Limited, an entity controlled by Heng Fai Chan; (b) 18,579,405 shares of common stock held by Heng Fai Chan directly; (c) 35,213,416 shares of common stock held by Alset Inc.; (d) 21,366,177 shares of common stock held by Alset International Limited, a subsidiary of Alset Inc.; and (e) 6,232,671 shares of common stock held by Global Biomedical Pte. Ltd., a subsidiary of Alset International Limited. Mr. Chan, as indirect beneficial owner, has dispositive control over the securities of the Issuer owned by Alset Inc., Alset International Limited and Global Biomedical Pte. Ltd.

SEC source: 0001493152-22-034223 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,071,355

F1 · price: 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 · balance_after: 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.

SEC source: 0001493152-22-033827 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,571,355

F2 · price: On November 25, 2022, Mr. Chan acquired 144,325 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.2238 to $.23. 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.

F3 · balance_after: In addition to the 75,571,355 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 81,951,355 shares of the common stock of Alset Inc.

SEC source: 0001493152-22-033827 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,427,030

F1 · price: On November 23, 2022, Mr. Chan acquired 400,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.1979 to $.2281. 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.

SEC source: 0001493152-22-033581 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,027,030

F2 · price: On November 22, 2022, Mr. Chan acquired 300,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.1732 to $.2000. 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.

F3 · balance_after: In addition to the 75,027,030 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 81,407,030 shares of the common stock of Alset Inc.

SEC source: 0001493152-22-033581 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 74,727,030

F1 · price: On November 21, 2022, Mr. Chan acquired 300,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.1700 to $.1899. 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.

SEC source: 0001493152-22-033198 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 74,427,030

F1 · balance_after: In addition to the 74,427,030 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 80,807,030 shares of the common stock of Alset Inc.

SEC source: 0001493152-22-033198 · ownership.xml · nonDerivative · entry 1

Chan Heng Fai Ambrose · CIK 0001261725 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 74,127,030

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 8

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 13,776,163

F4 · kind: Represents 7,221,163 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.24 per share for total consideration of $1,733,079.12.

F5 · ownership.nature: Held by GigWorld Inc. GigWorld Inc.'s majority shareholder is Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 7

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 6,555,000

F3 · kind: Represents 10,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.2314 per share for total consideration of $2,314.

F5 · ownership.nature: Held by GigWorld Inc. GigWorld Inc.'s majority shareholder is Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 6

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 6,545,000

F2 · kind: Represents 25,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.2006 per share for total consideration of $5,015.

F5 · ownership.nature: Held by GigWorld Inc. GigWorld Inc.'s majority shareholder is Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 5

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 6,520,000

F1 · kind: Represents 20,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.1663 per share for total consideration of $3,326.

F5 · ownership.nature: Held by GigWorld Inc. GigWorld Inc.'s majority shareholder is Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 4

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 95,000

F4 · kind: Represents 7,221,163 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.24 per share for total consideration of $1,733,079.12.

F4 · shares: Represents 7,221,163 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.24 per share for total consideration of $1,733,079.12.

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 3

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,316,163

F3 · kind: Represents 10,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.2314 per share for total consideration of $2,314.

F3 · shares: Represents 10,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.2314 per share for total consideration of $2,314.

SEC source: 0001493152-22-028936 · ownership.xml · nonDerivative · entry 2

Chan Heng Fai Ambrose · CIK 0001261725 · Director · 10% owner

GigWorld Inc. · CIK 0001600347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,326,163

F2 · kind: Represents 25,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.2006 per share for total consideration of $5,015.

F2 · shares: Represents 25,000 shares of the Issuer's common stock sold by the Reporting Person to GigWorld Inc., a Delaware corporation, pursuant to a Stock Purchase Agreement dated October 17, 2022. The purchase price for the disposed shares was $0.2006 per share for total consideration of $5,015.