DSS, Inc (DSS) Acquires 25.1% of Alset International Limited

DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company with nine operating business lines in diverse, high-growth industries, entered into a stock purchase agreement (the “AIL Subscription Agreement”) on January 18, 2022, with its shareholder Alset EHome International Inc. (“AEI”), which currently owns 15.24% of the Company’s outstanding shares of common stock, pursuant to which AEI sold to the Company 877,248,065 ordinary shares, no par value per share, of Alset International Limited for a purchase price of 59,979,582 newly issued shares of the Company’s common stock. Following the closing of this transaction, AEI will own 55.52% of the Company’s outstanding shares of common stock and will be the majority shareholder of the Company.

On January 18, 2022, the Company entered into a stock purchase agreement (the “True Partners Subscription Agreement”) with AEI, pursuant to which AEI sold to the Company 100% of the shares of common stock of its wholly owned subsidiary True Partner International Limited (HK) (“TP”), and all of TP’s 62,122,908 ordinary shares of True Partner Capital Holding Limited (“True Partner”), for a purchase price of 11,397,080 newly issued shares of the Company’s common stock.

The closings of these transactions are subject to approval of the NYSE and the Company’s stockholders. Transaction details will be filed in an 8-K with the U.S. Securities and Exchange Commission

Frank D. Heuszel, DSS CEO, stated, “We see tremendous promise in the potential of our securities business and these investments will help to accelerate growth of this and other key segments. True Partner’s active global volatility arbitrage fund has assets under management in excess of $1.7 billion. Its investment base spans high net worth individuals, pensions, endowments, and family offices, and we look forward to leveraging their existing platform to deliver innovative, customized solutions to these customers. We have positioned DSS Securities to be a major player in the securities, finance, and fund management sector.” Heuszel added, “We are thrilled to now own more than 25% of Alset International, which brings to the table a diverse group of businesses in ehome community development, SPAC management, food & beverage, direct sales, asset management, and information technology.”

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