Alset Inc. — Director's Dealing 2025

Apr 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alset Inc. (AEI)
CIK: 0001750106
Period of Report: 2025-04-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-15	Common Stock	A	1000000	—	Acquired	3843236	Direct

Footnotes

F1: On April 15, 2025, the Board of Directors of Alset Inc. (the "Company") awarded the Company's Chairman and Chief Executive Officer Chan Heng Fai 1,000,000 shares of the Company's common stock (the "Shares"). The Shares were granted to Mr. Chan as compensation for services rendered to the Company pursuant to the Company's 2025 Incentive Compensation Plan, as adopted on March 17, 2025.

F2: In addition to the shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 3,875,506 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 7,718,742 shares of the common stock of Alset Inc.