X0202 SCHEDULE 13D/A 0001493152-25-025605 0001261725 XXXXXXXX LIVE 11 COMMON STOCK, $0.0001 PAR VALUE 03/30/2026 false 0001897245 44852G309 HWH International Inc.

4800 Montgomery Lane, Suite 210 Bethesda, MD 20814

Heng Fai Ambrose Chan (65) 6333 9181 9 Temasek Boulevard #16-04 Suntec Tower Two Singapore U0 038989 0001261725 N Heng Fai Ambrose Chan a OO N U0 1002600.00 6014319.00 1002600.00 6014319.00 6014319.00 N 79.9 IN Aggregate amount includes (i) 535,475 shares and warrants convertible into 47,375 shares of the Issuer's common stock, $0.0001 par value held by Alset Acquisition Sponsor, LLC; (ii) 1,002,600 shares of common stock owned directly by Mr. Chan; (iii) 1,891,279 shares of common stock held by Alset International Limited; and (iv) 2,537,590 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc. and Alset International Limited. Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026. 0001750106 N Alset Inc. a OO N TX 0.00 5011719.00 0.00 5011719.00 5011719.00 N 66.6 CO Aggregate amount includes (i) 535,475 shares and warrants convertible into 47,375 shares of the Issuer's common stock, $0.0001 par value held by Alset Acquisition Sponsor, LLC, a majority owned subsidiary of Alset Inc.; (ii) 1,891,279 shares held by Alset International Limited, a majority owned subsidiary of Alset Inc; and (iii) 2,537,590 shares held by Alset Inc. directly. Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026. 0001660984 N Alset International Limited a OO N U0 1891279.00 0.00 1891279.00 0.00 1891279.00 N 25.3 CO Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026. 0001908910 N Alset Acquisition Sponsor, LLC a OO N DE 582850.00 0.00 582850.00 0.00 582850.00 N 7.7 CO Aggregate amount includes 535,475 shares and warrants convertible into 47,375 shares of the Issuer's common stock. Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026. COMMON STOCK, $0.0001 PAR VALUE HWH International Inc. 4800 Montgomery Lane, Suite 210 Bethesda, MD 20814 Heng Fai Ambrose Chan 9 Temasek Boulevard #16-04, Suntec Tower Two, Singapore 038989 Chief Executive Officer - Alset International Limited None. None. Singapore On March 30, 2026 Alset International Limited sold 100,390 shares of the Issuer's common stock at a weighted average sale price of $0.983. This transaction was executed in multiple trades at prices ranging from $0.88 to $1.22. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. The Reporting Persons do not have any present plans or proposals related to the transaction described herein that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, the Reporting Person, at any time, and from time to time, may review, reconsider and change their position, purposes and plans. Separately from this transaction, one of the Reporting Persons, Alset Inc., may acquire additional securities of the Issuer pursuant to and upon the closing of certain transactions described in the Issuer's Information Statement filed with the SEC on February 17, 2026. Heng Fai Ambrose Chan: 6,014,319, 79.9% Alset Inc.: 5,011,719, 66.6% Alset International Limited: 1,891,279, 25.3% Alset Acquisition Sponsor, LLC: 582,850, 7.7% Heng Fai Ambrose Chan: Sole power to vote or to direct the vote - 1,002,600 Shared power to vote or to direct the vote - 5,011,719 Sole power to dispose or to direct the disposition of - 1,002,600 Shared power to dispose or to direct the disposition of - 5,011,719 Alset Inc.: Sole power to vote or to direct the vote - 0 Shared power to vote or to direct the vote - 5,011,719 Sole power to dispose or to direct the disposition of - 0 Shared power to dispose or to direct the disposition of - 5,011,719 Alset International Limited: Sole power to vote or to direct the vote - 0 Shared power to vote or to direct the vote - 1,891,279 Sole power to dispose or to direct the disposition of - 0 Shared power to dispose or to direct the disposition of - 1,891,279 Alset Acquisition Sponsor, LLC: Sole power to vote or to direct the vote - 0 Shared power to vote or to direct the vote - 582,850 Sole power to dispose or to direct the disposition of - 0 Shared power to dispose or to direct the disposition of - 582,850 None. Not applicable. Not applicable. None. Joint Filing Agreement dated as of January 19, 2024. Heng Fai Ambrose Chan /s/ Heng Fai Ambrose Chan 04/01/2026 Alset Inc. /s/ Heng Fai Ambrose Chan 04/01/2026 Alset International Limited /s/ Heng Fai Ambrose Chan 04/01/2026 Alset Acquisition Sponsor, LLC /s/ Heng Fai Ambrose Chan 04/01/2026