Item 5.07 Submission of Matters to a Vote of Security Holders

On December 5, 2022, Alset Inc. (the "Company") held its 2022 Annual Meeting of Stockholders (the "Annual Meeting"). As of October 11, 2022, the date of record for determining the stockholders entitled to vote on the proposals presented at the Annual Meeting, there were 148,507,188 shares of Company common stock, par value $0.001, issued and outstanding and entitled to vote at the Annual Meeting. A total of 112,021,672 shares of common stock, constituting a quorum, were represented virtually or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of the Company's stockholders at the Annual Meeting are as follows:

Proposal 1. At the Annual Meeting, the terms of seven (7) members of the Board expired. All of the seven (7) nominees for director were elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified, or until such director's prior death, resignation, retirement, disqualification or removal. The result of the votes to elect the seven (7) directors was as follows:



Directors                   For               Withheld         Broker Non-Votes
Chan Heng Fai              103,229,238          1,256,508              7,535,926
Wong Tat Keung          101,507,285.92       2,978,460.08              7,535,926
William Wu                 101,357,108          3,128,638              7,535,926
Wong Shui Yeung         101,512,397.92       2,973,348.08              7,535,926
Lim Sheng Hon Danny        103,014,334          1,471,412              7,535,926
Joanne Wong Hiu Pan        103,173,815          1,311,931              7,535,926
Chan Tung Moe              103,179,737          1,306,009              7,535,926

Proposal 2. At the Annual Meeting, the stockholders ratified the appointment of Grassi & Co., CPAs, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2022. The result of the votes to ratify the appointment of Grassi & Co., CPAs, P.C. was as follows:



    For         Against     Abstain
111,806,608     165,352     49,712

Proposal 3. At the Annual Meeting, the stockholders approved a reverse stock split of the Company's common stock at a ratio of 1-for-20 and an amendment of the Company's Certificate of Formation to effect the reverse stock split. The result of the votes to effect the reverse stock split of the Company's common stock at a ratio of 1-for-20 and amend the Company's Certificate of Formation was as follows:

For Against Abstain Broker Non-Votes 102,873,012 1,591,711 21,023 7,535,926

© Edgar Online, source Glimpses