"Interests of Certain Persons in Matters to be Acted Upon Mr. Chan is the Executive Chairman of Alset International and is our Chief Executive Officer, Chairman of the Board of Directors and largest stockholder, and as a result has an interest in the Issuance Proposal. Prior to the consummation of the transactions contemplated by the Agreement, Mr. Chan owns 44,144,981 shares, or 39% of the pre-transaction shares outstanding. Following consummation of the Agreement, Mr. Chan will own 79,464,271 shares, or 53.5% of the post-transaction shares outstanding. Following the closing, and the closing of certain other transactions by third parties, the Company will own 85.4% of AI, as compared to 77% currently owned."
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