Certain Class B Common Stock of Alset Capital Acquisition Corp. are subject to a Lock-Up Agreement Ending on 30-JUL-2022. These Class B Common Stock will be under lockup for 180 days starting from 31-JAN-2022 to 30-JUL-2022.

Details:
The executive officers and directors have agreed that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of common stock or securities convertible into or exchangeable or exercisable for any shares of common stock, for a period of 180 days from the date of the final prospectus supplement without the prior written consent of EF Hutton.