SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

SCHEDULE OF SUBSIDIARIES

The Company’s condensed consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of June 30, 2023 and December 31, 2022, as follows:

Name of subsidiary	State or other jurisdiction of	Attributable interest as of,
consolidated under AEI	incorporation or organization	June 30, 2023			December 31, 2022
		%			%
Alset Global Pte. Ltd.	Singapore		100			100
Alset Business Development Pte. Ltd.	Singapore		100			100
Global eHealth Limited	Hong Kong		100			100
Alset International Limited	Singapore		85.4			85.4
Singapore Construction & Development Pte. Ltd.	Singapore		85.4			85.4
Art eStudio Pte. Ltd.	Singapore		43.6	*		43.6	*
Singapore Construction Pte. Ltd.	Singapore		85.4			85.4
Global BioMedical Pte. Ltd.	Singapore		85.4			85.4
Alset Innovation Pte. Ltd.	Singapore		85.4			85.4
Health Wealth Happiness Pte. Ltd.	Singapore		85.4			85.4
SeD Capital Pte. Ltd.	Singapore		85.4			85.4
LiquidValue Asset Management Pte. Ltd.	Singapore		85.4			85.4
Alset Solar Limited	Hong Kong		85.4			85.4
Alset F&B One Pte. Ltd	Singapore		76.9			76.9
Global TechFund of Fund Pte. Ltd.	Singapore		-			100
Singapore eChainLogistic Pte. Ltd.	Singapore		-			100
BMI Capital Partners International Limited.	Hong Kong		85.4			85.4
SeD Perth Pty. Ltd.	Australia		85.4			85.4
SeD Intelligent Home Inc.	United States of America		85.4			85.4
LiquidValue Development Inc.	United States of America		85.4			85.4
Alset EHome Inc.	United States of America		85.4			85.4
SeD USA, LLC	United States of America		85.4			85.4
150 Black Oak GP, Inc.	United States of America		85.4			85.4
SeD Development USA Inc.	United States of America		85.4			85.4
150 CCM Black Oak, Ltd.	United States of America		85.4			85.4
SeD Texas Home, LLC	United States of America		100			85.4
SeD Ballenger, LLC	United States of America		85.4			85.4
SeD Maryland Development, LLC	United States of America		71.4			71.4
SeD Development Management, LLC	United States of America		72.6			72.6
SeD Builder, LLC	United States of America		85.4			85.4
Hapi Metaverse Inc. (f.k.a. GigWorld Inc.)	United States of America		99.7			99.7
HotApp BlockChain Pte. Ltd.	Singapore		99.7			99.7
HotApp International Limited	Hong Kong		99.7			99.7
HWH International, Inc. (Delaware)	United States of America		85.4			85.4
Health Wealth & Happiness Inc.	United States of America		85.4			85.4
HWH Multi-Strategy Investment, Inc.	United States of America		85.4			85.4
SeD REIT Inc.	United States of America		85.4			85.4
Gig Stablecoin Inc.	United States of America		99.7			99.7
HWH World Inc. (Delaware)	United States of America		99.7			99.7
HWH World Pte. Ltd.	Singapore		85.4			85.4
UBeauty Limited	Hong Kong		85.4			85.4
WeBeauty Korea Inc	Korea		85.4			85.4
HWH World Limited	Hong Kong		85.4			85.4
HWH World Inc.	Korea		85.4			85.4
GDC REIT Inc.	United States of America		85.4			85.4

Name of subsidiary	State or other jurisdiction of	Attributable interest as of,
consolidated under AEI	incorporation or organization	June 30, 2023			December 31, 2022
BioHealth Water Inc.	United States of America		85.4			85.4
Impact BioHealth Pte. Ltd.	Singapore		85.4			85.4
American Home REIT Inc.	United States of America		100			85.4
Alset Solar Inc.	United States of America		68.3			68.3
HWH KOR Inc.	United States of America		85.4			85.4
Open House Inc.	United States of America		-			100
Open Rental Inc.	United States of America		-			100
Hapi Cafe Inc. (Nevada)	United States of America		-			100
Global Solar REIT Inc.	United States of America		-			100
Alset EV Inc. (f.k.a. OpenBiz Inc.)	United States of America		100			100
Hapi Cafe Inc. (Texas)	United States of America		85.4			85.4
HWH (S) Pte. Ltd.	Singapore		85.4			85.4
LiquidValue Development Pte. Ltd.	Singapore		100			100
LiquidValue Development Limited	Hong Kong		100			100
EPowerTech Inc.	United States of America		-			100
Alset EPower Inc.	United States of America		-			100
AHR Asset Management Inc.	United States of America		85.4			85.4
HWH World Inc. (Nevada)	United States of America		85.4			85.4
Alset F&B Holdings Pte. Ltd.	Singapore		85.4			85.4
Credas Capital Pte. Ltd.	Singapore		42.7	*		42.7	*
Credas Capital GmbH	Switzerland		42.7	*		42.7	*
Smart Reward Express Limited	Hong Kong		49.8	*		49.8	*
AHR Texas Two LLC	United States of America		100			85.4
AHR Black Oak One LLC	United States of America		85.4			85.4
Hapi Air Inc.	United States of America		92.7			92.7
AHR Texas Three, LLC	United States of America		100			85.4
Alset Capital Pte. Ltd.	Singapore		-			100
Hapi Cafe Korea, Inc.	Korea		85.4			85.4
Green Energy REIT Inc.	United States of America		-			100
Green Energy Management Inc.	United States of America		-			100
Alset Metaverse Inc.	United States of America		97.2			97.2
Alset Management Group Inc.	United States of America		83.4			83.4
Alset Acquisition Sponsor, LLC	United States of America		93.4			93.4
Alset Spac Group Inc.	United States of America		93.4			93.4
Alset Mining Pte. Ltd.	Singapore		85.4			85.4
Hapi Travel Pte. Ltd.	Singapore		85.4			85.4
Hapi WealthBuilder Pte. Ltd.	Singapore		85.4			85.4
HWH Marketplace Pte. Ltd.	Singapore		85.4			85.4
HWH International Inc. (Nevada)	United States of America		85.4			85.4
Hapi Cafe SG Pte. Ltd.	Singapore		85.4			85.4
Alset Reits Inc.	United States of America		100			100
Robotic gHome Inc.	United States of America		76.9			76.9
HWH Merger Sub, Inc.	United States of America		85.4			85.4
Alset Home REIT Inc.	United States of America		100			100
Hapi Metaverse Inc. (Texas)	United States of America		99.7			99.7
Hapi Café Limited	Hong Kong		99.7			99.7
MOC HK Limited	Hong Kong		99.7			99.7
AHR Texas Four, LLC	United States of America		100			100
Alset F&B (PLQ) Pte. Ltd.	Singapore		85.4			85.4
Hapi Café Sdn. Bhd.	Malaysia		51.3			-
Shenzhen Leyouyou Catering Management Co., Ltd.	China		100			100
Dongguan Leyouyou Catering Management Co., Ltd.	China		100			-
Guangzho Leyouyou Catering Management Co., Ltd.	China		100			-
Hapi Travel Ltd.	Hong Kong		100			-
Alset Capital Acquisition Corp.	United States of America		57.1			-

* Although the Company indirectly holds percentage of shares of these entities less than 50%, the subsidiaries of the Company directly hold more than 50% of shares of these entities, and therefore, they are still consolidated into the Company.