Alset Inc. — Director's Dealing 2021

Jun 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alset EHome International Inc. (AEI)
CIK: 0001750106
Period of Report: 2021-06-14

Reporting Person: Chan Heng Fai Ambrose (Director, Chief Executive Officer, 10% Owner)
Reporting Person: HFE Holdings Ltd (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-14	Common Stock	J	6380000	—	Acquired	6898348	Indirect
2021-06-14	Common Stock	J	2132000	—	Acquired	9030348	Direct
2021-06-14	Common Stock	C	2770531	$5.59	Acquired	11800879	Direct
2021-06-14	Common Stock	C	5152186	$5.59	Acquired	16953065	Direct
2021-06-14	Common Stock	C	31179	$5.59	Acquired	16984244	Direct
2021-06-14	Common Stock	C	1210070	$5.59	Acquired	18194314	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-14	Series A Convertible Preferred Stock	$	J	6380	Disposed		Common Stock (6380000)	Indirect
2021-06-14	Series B Convertible Preferred Stock	$	J	2132	Disposed		Common Stock (2132000)	Direct

Footnotes

F1: 6,380 shares of Series A Convertible Preferred Stock held by the reporting person automatically converted into 6,380,000 shares of common stock upon an increase in the authorized common stock of Alset EHome International Inc., pursuant to the terms of the Certificate of Designations, Preferences and Rights of the Series A Convertible Preferred Stock.

F2: These shares of common stock are owned directly by HFE Holdings Limited. Chan Heng Fai, the Chairman of the Board and Chief Executive Officer of Alset EHome International Inc., also indirectly beneficially owns all shares owned by HFE Holdings Limited. Mr. Chan has voting and investment power with respect to such shares.

F3: 2,132 shares of Series B Convertible Preferred Stock held by the reporting person automatically converted into 2,132,000 shares of common stock upon an increase in the authorized common stock of Alset EHome International Inc., pursuant to the terms of the Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock.

F4: On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $15,487,265 into 2,770,531 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.

F5: On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $28,800,721 into 5,152,186 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.

F6: On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $174,288 into 31,179 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.

F7: On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $6,764,291 into 1,210,070 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.