Chan Heng Fai Ambrose - Sep 12, 2025 Form 4 Insider Report for Alset Inc. (AEI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Chan Heng Fai Ambrose
Stock symbol: AEI
Transactions as of: Sep 12, 2025
Transactions value $: -$1,336,000
Form type: 4
Date filed: 9/16/2025, 08:53 PM
Previous filing: Sep 2, 2025
Next filing: Sep 19, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Chan Heng Fai Ambrose	Chief Executive Officer, Director, 10%+ Owner	9 TEMASEK BOULEVARD #16-4, SUNTEC TOWER TWO, SINGAPORE, SINGAPORE	/s/ Chan Heng Fai Ambrose	2025-09-16	0001261725

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEI	Common Stock	Sale	-$1.34M	-500K	-1.57%	$2.67	31.3M	Sep 12, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 12, 2025, Mr. Chan sold 500,000 shares of the Issuer's common stock at a weighted average sale price of $2.672 per share. This transaction was executed in multiple trades at prices ranging from $2.25 to $3.59. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
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 35,198,409 shares of the common stock of Alset Inc.

Content

On September 12, 2025, Mr. Chan sold 500,000 shares of the Issuer's common stock at a weighted average sale price of $2.672 per share. This transaction was executed in multiple trades at prices ranging from $2.25 to $3.59. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

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 35,198,409 shares of the common stock of Alset Inc.