Form 4: Alset Inc. Director Chan Heng Fai Ambrose Reports Share Acquisition

Director Chan Heng Fai Ambrose reports the acquisition of 69,444 shares of HWH International Inc. common stock through a loan repayment to Alset Acquisition Sponsor, LLC.

Summary

• Chan Heng Fai Ambrose, a director and 10% owner of HWH International Inc. (HWH), reported a transaction on March 11, 2025.
• The transaction involved the acquisition of 69,444 shares of HWH common stock.
• These shares were acquired when a borrower repaid a loan of shares to Alset Acquisition Sponsor, LLC, where Alset Acquisition Sponsor, LLC is a subsidiary of Alset Inc.
• Alset Inc. now beneficially owns 5,064,734 shares of HWH International Inc.'s common stock.
• Chan Heng Fai Ambrose may be deemed to possess beneficial ownership of shares owned by Alset Inc.
• Mr. Chan also owns 2,600 shares of the Issuer's common stock personally.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating a neutral sentiment. It simply reports a transaction.

Positives

• The return of loaned shares increases the holdings of Alset Inc., indicating confidence in HWH International Inc.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for directors and significant shareholders of publicly traded companies.

Related Party Transactions

• Alset Acquisition Sponsor, LLC loaned a borrower 69,444 shares of the Issuer's common stock.
• The Borrower returned the 69,444 shares to the Sponsor.

Stakeholder Impact

• The change in share ownership may have a minor impact on shareholders, reflecting adjustments in the holdings of major stakeholders.

Key Dates