Chan Heng Fai Ambrose 4

What Happened Chan Heng Fai, Chairman and CEO (and majority stockholder of Alset Inc.), reported the disposition of 100,390 shares of HWH International common stock on March 30, 2026. The shares were sold at a weighted average price of $0.983 per share for aggregate proceeds of approximately $98,683. The sale was executed by Alset International Limited in multiple trades at prices ranging from $0.88 to $1.22.

Key Details

• Transaction date: March 30, 2026 (reported on Form 4 filed April 1, 2026).
• Sale type/code: S — open-market sale by Alset International Limited (a majority‑owned subsidiary of Alset Inc.).
• Price: weighted average $0.983; trade prices ranged $0.88–$1.22.
• Reported proceeds: ~$98,683.
• Shares owned after transaction (implied by filing footnote): Alset International Ltd.’s holding of 1,891,279 shares was reduced by 100,390 to about 1,790,889; Alset Inc.’s total beneficial ownership would be reduced from 4,964,344 to about 4,863,954; Chan Heng Fai personally holds 1,002,600 shares (unchanged).
• Footnotes: F1 notes the multiple-trade execution and offers to provide transaction-level details on request; F2 explains the reporting person’s indirect beneficial ownership through Alset Inc. and its subsidiaries.
• Timeliness: Filed April 1, 2026 — appears to be timely (Form 4 is generally due within two business days).

Context This was a sale of existing shares by an entity controlled by the reporting person, not an option exercise or grant. Sales are often routine liquidity events and do not by themselves indicate management’s view of the company’s prospects. The filing clarifies the related-party ownership structure (Alset Inc. and its subsidiaries) and offers to provide full trade details if requested.