Alset eHome director resigns; CEO repays $1.185M in overpaid NAV bonus

Alset Inc.

Ang Hay Kim Aileen resigned from board on April 29, 2022, for personal reasons; no disagreement with company.
CEO Chan Heng Fai's NAV bonus true-up: actual $3,614,748.55 vs prior estimate of $4,800,000.
CEO repaid $1,185,251.45 overpayment to the company on April 29, 2022.
CEO's base salary remains $1/month; bonus tied to 5% of market cap growth and 5% of NAV growth.

item 5.02

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Departed

Ang Hay Kim Aileen

member of the Board of Directors

AEI · Alset Inc.

Effective: 2022-04-29
Filed: May 4, 2022, 7:59 PM ET

On April 29, 2022, Ang Hay Kim Aileen resigned as a member of the Board of Directors of Alset EHome International Inc. (the “Company”) due to personal reasons.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Ang Hay Kim Aileen resigned as member of the Board of Directors at Alset Inc..

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

On April 29, 2022, Ang Hay Kim Aileen resigned as a member of the Board of Directors of Alset EHome International Inc. (the “Company”) due to personal reasons.

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Alset Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-012086

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