Alset Inc. Sets Virtual 2025 AGM, Board Seeks Re-election & Auditor Ratification

TL;DR

**AEI's virtual AGM is a rubber stamp for current leadership and auditor; expect business as usual, but keep an eye on Chan Heng Fai's extensive external commitments.**

AI Summary

Alset Inc. (AEI) is holding its 2025 Annual Meeting of Stockholders virtually on December 4, 2025, at 9:00 A.M. EST. Stockholders will vote on two key proposals: the election of seven directors, each serving until the 2026 annual meeting, and the ratification of HTL International, LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The Board of Directors unanimously recommends a vote 'FOR' all nominees and 'FOR' the ratification of the accounting firm. As of the record date, October 6, 2025, there were 39,078,498 shares of common stock outstanding and entitled to vote. The company emphasizes the virtual format to enhance stockholder attendance and participation globally. Chan Heng Fai, the 80-year-old founder, Chairman, and CEO, leads the board and is the largest stockholder, bringing 45 years of experience in banking and finance and extensive real estate and digital transformation knowledge. The cost of proxy solicitation will be borne by Alset Inc., with no extraordinary expenses planned.

Why It Matters

This DEF 14A filing outlines Alset Inc.'s upcoming annual meeting, which is crucial for investors as it determines the leadership and financial oversight for the coming year. The re-election of seven directors, including founder and CEO Chan Heng Fai, signals continuity in strategic direction, which can be a double-edged sword depending on past performance. The ratification of HTL International, LLC as the auditor provides transparency on financial governance. For employees and customers, stable leadership and robust financial oversight can instill confidence in the company's long-term viability and operational integrity, especially given the competitive landscape in real estate and digital transformation.

Risk Assessment

Risk Level: medium — The risk level is medium due to the significant number of external directorships held by Chairman and CEO Chan Heng Fai, including roles at Alset International Limited, Hapi Metaverse Inc., Winning Catering Group, Inc., DSS, Inc., HWH International Inc., Value Exchange International, Inc., Impact BioMedical, Inc., and True Partner Capital Holding Limited. While he has committed the majority of his time to Alset Inc., this extensive portfolio could lead to potential conflicts of interest or diluted focus, impacting AEI's strategic execution.

Analyst Insight

Investors should vote 'FOR' the ratification of HTL International, LLC for financial transparency. However, they should scrutinize the director nominees, particularly Chan Heng Fai's numerous external commitments, and consider if this widespread involvement aligns with optimal focus on Alset Inc.'s performance. Engage with the virtual meeting to ask specific questions about executive time allocation.

Key Numbers

• December 4, 2025 — Date of Annual Meeting (The virtual meeting will be held at 9:00 A.M. Eastern Standard Time.)
• 7 — Number of Directors to be Elected (Stockholders will vote to elect seven directors to serve until the 2026 annual meeting.)
• October 6, 2025 — Record Date (Date for determining stockholders entitled to vote at the Annual Meeting.)
• 39,078,498 — Shares of Common Stock Outstanding (Number of shares entitled to vote as of the record date.)
• 35% — Quorum Requirement (Percentage of shares required to be present for the Annual Meeting to conduct business.)
• 80 — Age of Chan Heng Fai (Age of the Founder, Chairman, and CEO of Alset Inc.)
• 45 years — Experience of Chan Heng Fai (Years of experience in banking and finance for the Chairman and CEO.)
• $0.001 — Par Value per Share (Par value of Alset Inc.'s common stock.)
• 2018 — Chan Heng Fai's Start Date (Year Chan Heng Fai began serving as Director of Alset Inc.)
• 2025-10-22T00:00:00.000Z — Filing Date (Date the DEF 14A proxy statement was filed.)

Key Players & Entities

• Alset Inc. (company) — Registrant and company holding the annual meeting
• Chan Heng Fai (person) — Founder, Chairman of the Board, Chief Executive Officer, and largest stockholder of Alset Inc.
• HTL International, LLC (company) — Independent registered public accounting firm for Alset Inc.
• Wong Tat Keung (person) — Director of Alset Inc. and Certified Public Accountant
• William Wu (person) — Director of Alset Inc. and Responsible Officer at Glory Sun Securities Limited
• Securities and Exchange Commission (regulator) — Regulatory body overseeing the filing
• Alset International Limited (company) — Subsidiary of Alset Inc. and SGX listed company
• HWH International Inc. (company) — Subsidiary of Alset Inc. and Nasdaq listed company
• DSS, Inc. (company) — NYSE listed company where Chan Heng Fai serves as Chairman
• Issuer Direct (company) — Transfer agent and inspector of elections for Alset Inc.

FAQ

Industry Context

Alset Inc. operates within the broader corporate services and investment sectors. The company's focus on virtual meetings reflects a trend towards leveraging technology for enhanced shareholder engagement and cost efficiency in corporate governance.

Regulatory Implications

The filing of this DEF 14A is a standard regulatory requirement for public companies soliciting shareholder votes. Compliance with SEC rules regarding proxy solicitations and disclosures is critical to maintain good standing and investor confidence.

What Investors Should Do

1. Review Proxy Materials
2. Vote on Director Nominees
3. Ratify Independent Auditor

Key Dates

• 2025-12-04: 2025 Annual Meeting of Stockholders — Stockholders will vote on director elections and ratification of the independent auditor. The virtual format aims to increase global participation.
• 2025-10-06: Record Date — Determines which stockholders are entitled to vote at the Annual Meeting. 39,078,498 shares of common stock were outstanding on this date.
• 2024-12-31: Fiscal Year End — The independent registered public accounting firm will be ratified for this fiscal year.
• 2025-10-22: Mailing of Notice of Internet Availability of Proxy Materials — Informs stockholders about the availability of proxy materials online, facilitating access and cost reduction.

Glossary

DEF 14A

A proxy statement filed with the SEC by publicly traded companies to solicit shareholder votes for annual meetings. (This document contains the information presented, including proposals for director elections and auditor ratification.)

Record Date

A specific date set by a company to determine which shareholders are eligible to vote at a shareholder meeting. (Establishes the pool of eligible voters for the December 4, 2025 Annual Meeting, with 39,078,498 shares outstanding.)

Independent Registered Public Accounting Firm

An external audit firm hired by a company to provide an independent opinion on its financial statements. (Stockholders will vote to ratify HTL International, LLC for the fiscal year ending December 31, 2025.)

Notice and Access

An SEC rule allowing companies to provide proxy materials online via the internet, with a notice mailed to shareholders. (Alset Inc. is using this method to distribute proxy materials for the 2025 Annual Meeting, aiming to reduce costs.)

Year-Over-Year Comparison

This filing is a proxy statement for the 2025 Annual Meeting, focusing on upcoming votes and governance. It references the Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which would contain comparative financial data. Specific year-over-year financial metric comparisons are not detailed within this proxy statement itself.

Key Financial Figures

• $0.001 — 8 shares of our common stock, par value $0.001 per share outstanding and entitled to v

Filing Documents

• formdef14a.htm (DEF 14A) — 415KB
• noticecard_001.jpg (GRAPHIC) — 405KB
• noticecard_002.jpg (GRAPHIC) — 99KB
• proxycard_001.jpg (GRAPHIC) — 126KB
• proxycard_002.jpg (GRAPHIC) — 165KB
• 0001493152-25-018912.txt ( ) — 2765KB
• aei-20241231.xsd (EX-101.SCH) — 3KB
• aei-20241231_def.xml (EX-101.DEF) — 5KB
• aei-20241231_lab.xml (EX-101.LAB) — 52KB
• aei-20241231_pre.xml (EX-101.PRE) — 41KB
• formdef14a_htm.xml (XML) — 2KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 15 Certain Relationships and Related Person Transactions 16

Executive Compensation

Executive Compensation 26 Annual Report on Form 10-K 29 Other Matters 29 Alset Inc. 4800 Montgomery Lane, Suite 210 Bethesda, MD 20814 PROXY ANNUAL MEETING OF STOCKHOLDERS TO BE HELD DECEMBER 4, 2025 GENERAL INFORMATION This Proxy Statement is furnished to stockholders of Alset Inc., a Texas corporation ("we," "us," or the "Company"), in connection with the solicitation by our Board of Directors of proxies for use at our 2025 Annual Meeting of Stockholders (the "Annual Meeting"). The Annual Meeting is scheduled to be held at 9:00 A.M. Eastern Standard Time on December 4, 2025, at a virtual location. At the Annual Meeting, stockholders will be asked to consider and vote upon: (1) the election of seven (7) directors, each to hold office until the 2026 annual meeting of stockholders and until his or her successor is elected and qualified; and (2) the ratification of the selection of HTL International, LLC as our independent registered public accounting firm for the fiscal year ending December 31, 2025. ABOUT THE PROXY MATERIALS IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2025 VIRTUAL ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 4, 2025 This Proxy Statement, the enclosed proxy card, and the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "Annual Report") are available at https://www.alsetinc.com/. The Annual Report, however, is not a part of the proxy solicitation materials. This proxy is being solicited by the Board of Directors, and the cost of solicitation of the proxies will be paid by the Company. Our officers, directors and regular employees, without additional compensation, also may solicit proxies by further mailing, by telephone or personal conversations. We have no plans to retain any firms or otherwise incur any extraordinary expense in connection with the solicitation. Questions and Answers About the Annual Meeting and Voting Why did I receive a Notic

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View this DEF 14A filing on SEC EDGAR