AEI · Alset Inc.

Alset Inc. disclosed that its majority-owned subsidiary, Alset International Limited (AIL), entered into a Securities Purchase Agreement with DSS, Inc. on March 26, 2026. Under the agreement, AIL will provide a $2.45 million loan to DSS in exchange for a convertible promissory note and warrants. The Note carries a 3% simple interest rate and is convertible into DSS common stock at $0.74 per share prior to its five-year maturity. The accompanying Warrants allow AIL to purchase up to 16,554,055 shares of DSS common stock at $0.93 per share, expiring in five years. The closing is contingent upon DSS stockholder approval. The transaction constitutes a related party transaction due to common control by Chan Heng Fai, who serves as Chairman of both companies. To address conflict of interest concerns, Chan Heng Fai and Chan Tung Moe recused themselves from all deliberations and voting. The transaction was approved by Alset Inc.'s Board of Directors and Audit Committee.