HWH International Inc. Completes Sale of 70% Stake in Alset F&B One

On September 10, 2025, HWH International Inc. announced the completion of the sale of 70% of its subsidiary, Alset F&B One Pte. Ltd., to Alset International Limited for S$218,941.26 (approximately $170,754 USD). Alset F&B One, which operates a cafe in Singapore, generated approximately $470,000 in revenue in 2024. Following the sale, HWH International Inc. will retain a 20% stake in Alset F&B One. The buyer, Alset International Limited, is a significant stockholder of HWH International Inc., and the transaction involves related parties, including the Chairman and CEO of both companies. The sale was completed on September 10, 2025, and the agreement includes unaudited pro forma financial information to illustrate the transaction's impact.