• Alset terminated a planned sale of 505,341,376 Hapi Metaverse shares, representing 99.55% of Hapi Metaverse outstanding capital, to its majority-owned subsidiary HWH International under a Termination Agreement dated May 6, 2026.
• Transaction had been structured at USD 19.91 million, payable via a promissory note convertible into newly issued HWH common stock, carrying 1% simple annual interest and a USD 1.85-per-share conversion price.
• Termination voided remaining rights and obligations under term sheet, stock purchase agreement, and Convertible Note.
• No penalties or fees were paid in connection with termination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alset Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-021752), on May 07, 2026, and is solely responsible for the information contained therein.