Alset shareholders approve 1-for-20 reverse stock split at 2022 annual meeting

Proposal 1. At the Annual Meeting, the terms of seven (7) members of the Board expired. All of the seven (7) nominees for director were elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified, or until such director's prior death, resignation, retirement, disqualification or removal. The result of the votes to elect the seven (7) directors was as follows: Directors For Withheld Broker Non-Votes Chan Heng Fai 103,229,238 1,256,508 7,535,926 Wong Tat Keung 101,507,285.92 2,978,460.08 7,535,926 William Wu 101,357,108 3,128,638 7,535,926 Wong Shui Yeung 101,512,397.92 2,973,348.08 7,535,926 Lim Sheng Hon Danny 103,014,334 1,471,412 7,535,926 Joanne Wong Hiu Pan 103,173,815 1,311,931 7,535,926 Chan Tung Moe 103,179,737 1,306,009 7,535,926

Proposal 3. At the Annual Meeting, the stockholders approved a reverse stock split of the Company's common stock at a ratio of 1-for-20 and an amendment of the Company's Certificate of Formation to effect the reverse stock split. The result of the votes to effect the reverse stock split of the Company's common stock at a ratio of 1-for-20 and amend the Company's Certificate of Formation was as follows: For Against Abstain Broker Non-Votes 102,873,012 1,591,711 21,023 7,535,926

Proposal 2. At the Annual Meeting, the stockholders ratified the appointment of Grassi & Co., CPAs, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2022. The result of the votes to ratify the appointment of Grassi & Co., CPAs, P.C. was as follows: For Against Abstain 111,806,608 165,352 49,712