HWH CEO Chan Heng Fai Acquires 320,000 Shares

What Happened
Chan Heng Fai Ambrose, Chairman, CEO and majority stockholder of Alset Inc., is reported on a Form 4 (filed Aug 7, 2026) as acquiring 320,000 shares of HWH International Inc. on Aug 5, 2026. The transaction is coded as “J” (other acquisition/disposition) and reflects an internal share transfer/return to Alset International Limited under a Share Transfer and Note Cancellation Agreement. No dollar price or open‑market purchase/sale was disclosed, so no market value is shown.

Key Details

• Transaction date: 2026-08-05; Form 4 filed: 2026-08-07 (timely filing).
• Transaction type: Code J — other acquisition/disposition (internal transfer/return).
• Shares involved: 320,000 shares; price: N/A (no market price reported).
• Reported ownership ties: Alset Inc. beneficially owns 5,581,719 shares (including shares held through Alset International Limited); Mr. Chan personally owns 1,002,600 shares. Footnotes state Mr. Chan may be deemed to beneficially own shares held by Alset entities.
• No indication of a 10b5-1 plan, option exercise, gift, or tax‑withholding event in this filing.

Context
This was an internal transfer to a related entity (Alset International Limited) rather than an open‑market buy or sale; such transfers often reflect corporate or contractual arrangements and do not necessarily signal new buying/selling sentiment by the insider. Because no price was reported, investors cannot infer transaction value from this filing.