DSS completes True Partner Transaction, issues 17.6M shares to Alset; control shifts to 51% for Heng Fai Ambrose Chan

DSS, INC.

On July 7, 2022, DSS issued 17,570,948 shares to Alset EHome International Inc. (AEI) as part of the True Partner Transaction.
AEI now beneficially owns 35.22% of DSS's outstanding shares (41,446,087 shares).
Heng Fai Ambrose Chan beneficially owns 51.02% of DSS's outstanding shares, up from 42.4% previously.
Shares were issued in a private placement exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D.
The transaction completion was previously disclosed; stockholder approval obtained on May 17, 2022.

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