Alset Capital Inc. is a publicly traded company: TSXV:KSUM | OTC:ALSCF | FSE:1R60, WKN:A3ESVQ

Alset Capital Inc. Announces Stock Option, Restricted Share Unit Grant and Engagement of Market Maker

VANCOUVER, British Columbia – March 27, 2024 Alset Capital Inc. (TSX-V:KSUM) (“Alset” or the “Company”) is pleased to announce the Company has granted a total of 6,000,000 incentive stock options (the “Options“) to purchase common shares of the Company (“Common Shares“) to certain Directors, Officers, Consultants and Employees of the Company pursuant to the Company’s long-term incentive plan (the “LTIP“). Each Option is exercisable into one Common Share at an exercise price of $0.25 per Common Share for a period of three (3) years from the date of grant. The Options shall vest immediately on the date of grant. All of the Options expire on March 27, 2027. Additionally, the Company has adopted a fixed number, Restricted Share Unit Plan (the “RSU Plan”) which will allow eligible participants to be granted restricted share units redeemable for up to 9,423,033 common shares of the Company (the “RSUs”). In Connection with adoption of the RSU Plan, the Company has granted 3,000,000 RSU’s to certain Directors and Officers of the Company. The RSU Plan and the grant of the RSU’s is subject to the approval of the TSX Venture Exchange (the “TSXV”) and the approval of the shareholders at the next annual general meeting of the Company.

Engagement of Market Maker

The Company is also pleased to announce that it has entered into a market making agreement (the “ITG Agreement”) pursuant to which it has retained Independent Trading Group Inc. (“ITG”) to provide market- making services in accordance with the policies of the TSXV. ITG will trade Shares on the TSXV for the purposes of maintaining an orderly market and improving the liquidity of the Company’s Common Shares.

ITG will not receive Shares or options as compensation for its services, however ITG or its clients may have or may acquire a direct interest in the securities of the Company. Alset and ITG are unrelated and unaffiliated entities. ITG is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and can access all Canadian stock exchanges and alternative trading systems. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG.

The ITG Agreement is for an infinite term and may be terminated on 30-days’ notice. ITG will be compensated $5,000 per month and will be paid by the Company from its working capital resources.

On behalf of Alset Capital Inc.

Morgan Good” Morgan Good

Chief Executive Officer

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

For further information about Alset Capital Inc., please contact:

Morgan Good, CEO and Director

T: 604.715.4751
E: morgan@alsetai.com

Cautionary Note regarding Forward Looking Statements

Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the issuance of the Common Shares upon exercise of the Options and the RSUs and the approval of the TSX Venture Exchange and the shareholders of the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.