HWH issues 4.4M shares to majority shareholder Alset at $0.68 for $3M

HWH International Inc.

HWH sold 4,411,764 shares to Alset Inc. at $0.68/share for total proceeds of $3,000,000.
Alset's ownership increases from 86.6% to 88.8% of HWH's outstanding common stock.
Chairman Chan Heng Fai is also Chairman/CEO/majority owner of Alset; three other HWH board members are Alset directors.
Proceeds intended to support HWH's growth and development, per the company.
Shares issued as restricted securities under Rule 506 of Regulation D.

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