Value Exchange International, Inc. announced that it has entered into a loan agreement and promissory note for the private placement of a promissory note at an issue price of $500,000 for gross proceeds of $500,000 on September 28, 2023. The transaction will include participation from new investor, Alset International Limited. The principal amount of loan accrues simple interest at 8% per annum.

The notes are unsecured. The maturity date of note on or by the six month anniversary of the effective date of the Loan Agreement, being September 28, 2023.