---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-034476"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:41:26.130809+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Proposal 3 passed with 102,873,012 votes for, 1,591,711 against, 21,023 abstain (7,535,926 broker non-votes).
- Seven director nominees elected; Chan Heng Fai, Wong Tat Keung, William Wu, Wong Shui Yeung, Lim Sheng Hon Danny, Joanne Wong Hiu Pan, and Chan Tung Moe each received >101M votes for.
- Ratification of Grassi & Co. as independent auditor for 2022 approved (111,806,608 for, 165,352 against, 49,712 abstain).
- Reverse stock split at 1-for-20 ratio approved; charter amendment to effect the split also passed.

## SEC filing metadata
- accession: 0001493152-22-034476
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315222034476/0001493152-22-034476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315222034476/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-034476
- JSON: https://secwatch.observer/filing/0001493152-22-034476.json
- Plain text: https://secwatch.observer/filing/0001493152-22-034476.txt

## Key facts
- Shareholder Votes
  Alset Inc. shareholders approved Election of seven directors at the 2022-12-05 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2022-12-05
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750106/000149315222034476/0001493152-22-034476-index.htm
- Shareholder Votes
  Alset Inc. shareholders approved Approval of reverse stock split of common stock at a ratio of 1-for-20 and amendment of Certificate of Formation at the 2022-12-05 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2022-12-05
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750106/000149315222034476/0001493152-22-034476-index.htm
- Shareholder Votes
  Alset Inc. shareholders approved Ratification of appointment of Grassi & Co., CPAs, P.C. as independent registered public accounting firm at the 2022-12-05 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2022-12-05
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750106/000149315222034476/0001493152-22-034476-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.