Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Alset Inc

Announcement: AEI 10-Q Quarterly Report

Part 1: Analysis of the company’s performance during the period

Alset Inc. is a diversified holding company with operations in real estate, financial services, digital transformation technologies, biohealth activities, and consumer products. The company’s revenue for the year ended December 31, 2022, was $4,480,442, which is significantly lower than the revenue of $19,798,822 generated in the previous year. The net loss for the year ended December 31, 2022, was $46,212,505, which is also lower than the net loss of $119,017,591 incurred in the previous year.

Alset International Limited, the company’s subsidiary, manages its three principal businesses. The real estate segment, which focuses on the development of EHome communities, had revenue contributions of approximately 29% and 70% of total revenue in the years ended December 31, 2022, and 2021, respectively. Meanwhile, the digital transformation technology segment focuses on the provision of business-to-business (B2B) needs in e-commerce, collaboration, and social networking functions. The biohealth segment includes consumer product sales that accounted for approximately 17% and 28% of total revenue in the years ended December 31, 2022, and 2021, respectively. From a geographical perspective, 69% and 72% of the company’s total revenue in the years ended December 31, 2022, and 2021, respectively, were generated in the United States.

The revenue generated from the company’s property development business is expected to decline as a percentage of its total revenue as it expects to experience a greater revenue contribution from its rental business, digital transformation technology, biohealth businesses, and future business acquisitions.

Part 2: Forward-looking analysis

The COVID-19 pandemic has had a far-reaching impact on the global economy, negatively affecting various aspects of businesses, including demand for real estate. However, Alset Inc. does not anticipate a material impact on its business in the completion of its remaining tasks at Ballenger Run, its real estate project in Maryland.

As a diversified holding company, Alset Inc. has a competitive advantage in the selection of strategic acquisitions, creating and adding value for stockholders. The company generally acquires majority and control stakes in innovative and promising businesses that are expected to appreciate in value over time. The management team has in-depth knowledge and experience, and it provides value by advising on new markets and expansion. The company has provided a range of global capital and management services to its subsidiaries to gain access to Asian markets.

In conclusion, while the company has experienced reduced revenue and net loss for the year ended December 31, 2022, it has a diverse business portfolio and continues to focus on acquiring promising businesses. The COVID-19 pandemic is a potential risk to the company's operations, but the management team is optimistic about its ability to mitigate the risks and pursue growth opportunities.

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

Announcement: AEI 10-Q Quarterly Report

Announcement: AEI 10-Q Quarterly Report

Alset Inc. reports lower revenue and net loss in 2022, but diversification strategy may buoy future growth.

Alset Inc. reports lower revenue and net loss in 2022, but diversification strategy may buoy future growth.

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing

Announcement: AEI 8-K Special Filing