Chan Heng Fai Ambrose - Mar 28, 2025 Form 4 Insider Report for Value Exchange International, Inc. (VEII)

Role: Director, 10%+ Owner
Signature: /s/ Heng Fai Ambrose Chan
Stock symbol: VEII
Transactions as of: Mar 28, 2025
Transactions value $: $30,000
Form type: 4
Date filed: 4/1/2025, 08:51 PM
Previous filing: Mar 13, 2025
Next filing: Apr 2, 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VEII	Convertible Debt	Purchase	$30K				$30K	Mar 28, 2025	Common Stock		$0.02	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Please refer to Remarks, below.
F2	Held by Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.

Remarks:

Value Exchange International, Inc. ("VEII") issued a Convertible Promissory Note for $30,000, dated as of March 28, 2025 to Alset Inc. as consideration for a loan in the same amount. This amount can be converted into shares of VEII pursuant to the terms of the Convertible Promissory Note for a period of two years. In the event that Alset Inc. converts all or a portion of the indebtedness into shares of VEII Common Stock, the conversion price shall be $0.0166 per share.