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Sharing Services Global Corp received an updated ownership report showing that a group led by Heng Fai Ambrose Chan now beneficially owns about 99.8% of the common stock, or 110,934,290 shares, calculated under SEC rules against 309,652 shares outstanding as of January 20, 2026. This total includes shares and significant amounts issuable from debt and warrants held through entities Mr. Chan controls, such as Alset Inc. and HWH International Inc.
Recently, the issuer issued three convertible promissory notes to HWH International Inc. for $150,000, $40,000 and $120,000, each convertible into common stock at $0.006 per share for three years. The reporting persons indicate they may discuss strategy, governance, capitalization and potential further share acquisitions with the company’s board, management and other stockholders.
Sharing Services Global Corp. (SHRG) insiders reported new convertible note investments in the company. The filing shows that on December 10, 2025, the issuer issued a $150,000 convertible promissory note to HWH International Inc., followed by additional notes of $40,000 on January 2, 2026 and $120,000 on January 8, 2026.
Each note is convertible into SHRG common stock at $0.006 per share, at HWH’s option, for three years from its issuance date. The notes therefore give HWH the right, but not the obligation, to take repayment in common shares instead of cash during that period.
The filing identifies HWH International Inc., Alset Inc. and Chan Heng Fai Ambrose as 10% owners. Mr. Chan is Chairman and CEO of both Alset Inc. and HWH International Inc., and the footnotes state that he has dispositive control over SHRG securities owned by HWH.