Alset Capital Inc. announced the appointment of Ms. Anu Thomas as its Chief Financial Officer ("CFO"), effective February 22, 2023. Ms. Thomas is currently working as an accountant with Red Fern Consulting Ltd, a company that specializes in providing accounting and consulting services for both private and publiclylisted companies. Ms. Thomas completed her PostBaccalaureate diploma in Accounting from Thompson Rivers University, Kamloops and holds a Bachelors degree in commerce from University of Mumbai.

The Company's former CFO, Stella Chen has also resigned her position as CFO. The Company's Board of Directors would like to thank Mr. Thomas and Ms. Chen for their contributions and wishes them well in their future endeavours.