Chan Heng Fai Ambrose 4

What Happened
Chan Heng Fai, Chairman and CEO of HWH International Inc., is reported to have acquired 250,000 shares of HWH common stock on June 8, 2026 at $2.00 per share, a $500,000 transaction. The filing notes the shares were purchased under a Stock Purchase Agreement by Alset Inc.; Mr. Chan is chairman, CEO and majority stockholder of Alset and may be deemed to beneficially own the shares held by Alset.

Key Details

• Transaction date and price: June 8, 2026 — Purchase of 250,000 shares at $2.00 each (total $500,000). (Transaction code: P = Purchase)
• Shares owned after transaction (from filing footnote): Alset Inc. beneficially owns 5,261,719 shares; Mr. Chan personally owns 1,002,600 shares. If Mr. Chan is deemed to beneficially own Alset's holdings, combined beneficial ownership would be 6,264,319 shares.
• Footnotes: The purchase was of newly‑issued shares by HWH to Alset Inc. under a Stock Purchase Agreement; Chan is chairman/CEO/majority stockholder of Alset and thus may be deemed to beneficially own Alset’s holdings.
• Timeliness: Form 4 was filed on June 9, 2026 for a June 8, 2026 transaction — filed within the usual two-business-day window (timely).

Context
This was a direct acquisition of newly-issued shares by an entity controlled by the insider (Alset Inc.). Purchases of newly issued shares increase the issuer’s outstanding shares (dilution effect) and the filing clarifies ownership links between Mr. Chan and Alset Inc. The filing is factual and does not indicate the insider’s motive.