Value Exchange International amends 8-K to clarify director independence for Hapi credit line

Value Exchange International, Inc.

Board determined directors Wong Shui Yeung and Wong Tat Keung are independent for the Credit Agreement.
Directors Chan Heng Fai, Lum Kan Fai, Robert Trapp, Lim Sheng Hon deemed affiliated with Chan or Alset.
Executive directors Tan Seng Wee, Tsang Po Yee Bella, Lee Yuen Fong found not affiliated with Chan Heng Fai.
Review requested by Alset Inc. to re-evaluate relationships; only Item 1.01 of prior 8-K was amended.
Original $1M convertible credit line from Hapi Metaverse, Inc. remains unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Value Exchange International, Inc. entered into Loan Agreement valued at One Million U.S. Dollars and No Cents (USD$1,000,000.00) (effective 2024-03-21).

Action: entry
Agreement: credit facility
Value: One Million U.S. Dollars and No Cents (USD$1,000,000.00)
Effective: 2024-03-21

Exact text from the filing

f the Loan Agreement. As such, the Board also concluded that in respect of the nine directors of the Company: Company directors Chan

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Source: SEC EDGAR

accession 0001214659-24-005251

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