Alset Inc (AEI)

[madeindet]

READ THIS: “in its discretion prior to June 30, 2023, may or may not elect to effect a reverse stock split”

Board Discretion to Implement the Reverse Stock Split

Upon receipt of stockholder approval, our Board of Directors, in its discretion prior to June 30, 2023, may or may not elect to effect a reverse stock split at the authorized ratio. In determining to implement the reverse stock split following the receipt of stockholder approval, our Board of Directors may consider, among other factors:

? the historical trading price and trading volume of our common stock;

? the then-prevailing trading price and trading volume of our common stock and the anticipated impact of the reverse stock split on the trading market for our common stock;

? the impact on our capitalization, including the number of authorized, but unissued shares resulting from the reverse stock split;

? our ability to continue our listing on Nasdaq;

? prevailing general market conditions; and

? general economic and other related conditions in our industry.