0001493152-23-045457.txt : 20231219
0001493152-23-045457.hdr.sgml : 20231219
20231219172141
ACCESSION NUMBER: 0001493152-23-045457
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231215
FILED AS OF DATE: 20231219
DATE AS OF CHANGE: 20231219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chan Heng Fai Ambrose
CENTRAL INDEX KEY: 0001261725
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-53537
FILM NUMBER: 231498525
MAIL ADDRESS:
STREET 1: 2601 INSLAND PLACE TOWER
STREET 2: 510 KINGS RD N POINT
CITY: HONG KONG
STATE: K3
ZIP: 999999999
FORMER NAME:
FORMER CONFORMED NAME: CHAN FAI
DATE OF NAME CHANGE: 20030828
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hapi Metaverse Inc.
CENTRAL INDEX KEY: 0001600347
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
ORGANIZATION NAME: 07 Trade & Services
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-53537
FILM NUMBER: 231498524
BUSINESS ADDRESS:
STREET 1: 4800 MONTGOMERY LANE
STREET 2: SUITE 210
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 301-971-3940
MAIL ADDRESS:
STREET 1: 4800 MONTGOMERY LANE
STREET 2: SUITE 210
CITY: BETHESDA
STATE: MD
ZIP: 20814
FORMER NAME:
FORMER CONFORMED NAME: GigWorld Inc.
DATE OF NAME CHANGE: 20210201
FORMER NAME:
FORMER CONFORMED NAME: HotApp Blockchain Inc.
DATE OF NAME CHANGE: 20180104
FORMER NAME:
FORMER CONFORMED NAME: HotApp Blockchain, Inc.
DATE OF NAME CHANGE: 20180104
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Value Exchange International, Inc.
CENTRAL INDEX KEY: 0001417664
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 263767331
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: UNIT 602 6/F BLOCK B
STREET 2: SHATIN INDUSTRIAL CENTRE 5-7 SHUN CIR.
CITY: HONG KONG
STATE: K3
ZIP: NONE
BUSINESS PHONE: 852 2950 4288
MAIL ADDRESS:
STREET 1: UNIT 602 6/F BLOCK B
STREET 2: SHATIN INDUSTRIAL CENTRE 5-7 SHUN CIR.
CITY: HONG KONG
STATE: K3
ZIP: NONE
FORMER COMPANY:
FORMER CONFORMED NAME: SINO PAYMENTS, INC.
DATE OF NAME CHANGE: 20090804
FORMER COMPANY:
FORMER CONFORMED NAME: Sino Payments, Inc.
DATE OF NAME CHANGE: 20081202
FORMER COMPANY:
FORMER CONFORMED NAME: China Soaring Inc.
DATE OF NAME CHANGE: 20071106
4
1
ownership.xml
X0508
4
2023-12-15
0
0001417664
Value Exchange International, Inc.
VEII
0001261725
Chan Heng Fai Ambrose
9 TEMASEK BOULEVARD #16-04
SUNTEC TOWER TWO
SINGAPORE
U0
038989
SINGAPORE
1
0
1
0
0001600347
Hapi Metaverse Inc.
4800 MONTGOMERY LANE
SUITE 210
BETHESDA
MD
20814
0
0
1
0
0
Convertible Debt
.045
2023-12-15
4
P
0
1000000
A
2023-12-15
2026-12-15
Common Stock
1000000
I
See footnote
Please refer to Remarks, below.
Held by Hapi Metaverse Inc. The majority stockholder of Hapi Metaverse Inc. is Alset Inc. Mr. Chan is, personally and through an entity he controls, the majority shareholder of Alset Inc., and the Chairman and Chief Executive Officer of Alset Inc. The Reporting Person has dispositive control over these securities.
Value Exchange International, Inc. ("VEII") entered into a Convertible Credit Agreement, dated as of December 14, 2023 ("Credit Agreement") with Hapi Metaverse Inc. On December 15, 2023, Hapi Metaverse Inc. loaned VEII $1,000,000. This amount can be converted into shares of VEII pursuant to the terms of the Convertible Credit Agreement for a period of three years. In the event that Hapi Metaverse Inc. converts this loan into shares of VEII Common Stock, the conversion price shall be $0.045 per share. In the event that Hapi Metaverse Inc. elects to convert any portion of the loan into shares of VEII Common Stock, then VEII will issue to Hapi Metaverse Inc. five (5) detachable warrants for each share of VEII Common Stock issued in a conversion ("Warrants"). Each Warrant will entitle Hapi Metaverse Inc. to purchase one (1) share of Common Stock at a per-share exercise price equal to the conversion price of $.045 per share. The exercise period of each Warrant will be five (5) years from date of issuance of the Warrant. At the time of this filing, Hapi Metaverse has not converted the Loan Amount.
/s/ Heng Fai Ambrose Chan
2023-12-19
/s/ Hapi Metaverse Inc. by Lui Wai Leung, Alan, Chief Financial Officer
2023-12-19