---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044972"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:59:55.160719+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.35
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Alset Inc. stockholders reject reincorporation to Nevada and name change at 2023 annual meeting

## Summary
- Seven director nominees elected with strong support (over 5.5M for each).
- Ratification of Grassi & Co. as auditor approved (6,181,851 for).
- Proposal to reincorporate from Texas to Nevada as 'Alset International Inc.' failed to achieve required two-thirds majority.
- Reincorporation received 5,560,255 for (60.2% of outstanding), short of 6,156,746 needed.

## SEC filing metadata
- accession: 0001493152-23-044972
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.35
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315223044972/0001493152-23-044972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315223044972/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044972
- JSON: https://secwatch.observer/filing/0001493152-23-044972.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044972.txt

## Key facts
- Shareholder Votes
  Alset Inc. shareholders approved Election of seven directors at the 2023-12-14 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-12-14
  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 5,788,359.00 25,555.65 379,815.00 Wong Tat Keung 5,556,594.00 257,320.65 379,815.00 William Wu 5,556,926.15 256,988.50 379,815.00 Wong Shui Yeung 5,564,338.15 249,576.50 379,815.00 Lim Sheng Hon Danny 5,782,317.15 31,597.50 379,815.00 Joanne Wong Hiu Pan 5,788,404.05 25,510.60 379,815.00 Chan Tung Moe 5,790,068.15 23,846.50 379,815.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750106/000149315223044972/0001493152-23-044972-index.htm
- Shareholder Votes
  Alset Inc. shareholders approved Ratification of Grassi & Co., CPAs, P.C. as independent registered public accounting firm for year ending December 31, 2023 at the 2023-12-14 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-12-14
  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, 2023. The result of the votes to ratify the appointment of Grassi & Co., CPAs, P.C. was as follows: For Against Abstain 6,181,851.65 7,959.00 3,919.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750106/000149315223044972/0001493152-23-044972-index.htm

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