Alset EHome International Inc. (AEI) Social Stream

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$AEI The net proceeds to the Company from the Offering was approximately $28.8 million, after deducting underwriting discounts and commissions and the payment of other estimated
offering expenses associated with the Offering that are payable by the Company. The Company intends to use the net proceeds of the Offering for the following purposes: (i) to fund
possible acquisitions of new companies and additional properties, (ii) to fund the further development of properties, including services and infrastructure; (iii) to develop rental
opportunities at properties; (iv) to exercise warrants of our subsidiaries to accomplish the items in (i) – (iii) and (v) for working capital and general corporate purposes