XML 94 R26.htm IDEA: XBRL DOCUMENT
v3.26.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Accounting Policies [Abstract] |
SCHEDULE OF SUBSIDIARIES | The Company’s consolidated financial statements include the financial positions, results of operations and cash flows of the following entities as of December 31, 2025 and 2024, as follows: SCHEDULE OF SUBSIDIARIES
Name of subsidiary |  | State or other jurisdiction of incorporation or |  | Attributable interest as of, |
consolidated under AEI |  | organization |  | December 31, 2025 |  |  | December 31, 2024 |
|  |  |  | % |  |  | % |
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 |  |  | 85.8 |  |  |  | 85.7 |
Singapore Construction & Development Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
Singapore Construction Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
Global BioMedical Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
Health Wealth Happiness Pte. Ltd. |  | Singapore |  |  | 62.5 |  |  |  | 81.1 |
SeD Capital Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
LiquidValue Asset Management Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
Alset Solar Limited |  | Hong Kong |  |  | 85.8 |  |  |  | 85.7 |
Alset F&B One Pte. Ltd. |  | Singapore |  |  | 72.5 |  |  |  | 73.0 |
BMI Capital Partners International Limited |  | Hong Kong |  |  | 85.8 |  |  |  | 85.7 |
SeD Perth Pty Ltd |  | Australia |  |  | 85.8 |  |  |  | 85.7 |
SeD Intelligent Home Inc. |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
Winning Catering Group, Inc. (f.k.a. LiquidValue Development Inc.) |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
Alset EHome Inc. |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
SeD USA, LLC |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
150 Black Oak GP, Inc. |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
SeD Development USA Inc. |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
150 CCM Black Oak, Ltd. |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
SeD Texas Home, LLC |  | United States of America |  |  | 100 |  |  |  | 100 |
SeD Ballenger, LLC |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
SeD Maryland Development, LLC |  | United States of America |  |  | 71.6 |  |  |  | 71.6 |
SeD Development Management, LLC |  | United States of America |  |  | 72.9 |  |  |  | 72.8 |
Hapi Metaverse Inc. |  | United States of America |  |  | 99.6 |  |  |  | 99.6 |
HotApp BlockChain Pte. Ltd. |  | Singapore |  |  | 99.6 |  |  |  | 99.6 |
HotApp International Limited |  | Hong Kong |  |  | 99.6 |  |  |  | 99.6 |
UBeauty Limited |  | Hong Kong |  |  | 85.8 |  |  |  | 85.7 |
HWH World Inc. |  | South Korea |  |  | - |  |  |  | 81.1 |
BioHealth Water Inc. |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
Hapi Robot Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
American Home REIT Inc. |  | United States of America |  |  | 100 |  |  |  | 100 |
Hapi Cafe Inc. |  | Texas, United States of America |  |  | 62.5 |  |  |  | 81.1 |
HWH (S) Pte. Ltd. |  | Singapore |  |  | 85.8 |  |  |  | 85.7 |
LiquidValue Development Pte. Ltd. |  | Singapore |  |  | 100 |  |  |  | 100 |
LiquidValue Development Limited |  | Hong Kong |  |  | 100 |  |  |  | 100 |
Alset F&B Holdings Pte. Ltd. |  | Singapore |  |  | 62.5 |  |  |  | 81.1 |
Credas Capital Pte. Ltd. |  | Singapore |  |  | 64.3 |  |  |  | 64.2 |
Credas Capital GmbH |  | Switzerland |  |  | 64.3 |  |  |  | 64.2 |
Smart Reward Express Limited |  | Hong Kong |  |  | 99.6 |  |  |  | 49.8 | *
AHR Texas Two, LLC |  | United States of America |  |  | 100 |  |  |  | 100 |
AHR Black Oak One, LLC |  | United States of America |  |  | 85.8 |  |  |  | 85.7 |
AHR Texas Three, LLC |  | United States of America |  |  | 100 |  |  |  | 100 |
Hapi Cafe Korea Inc. |  | South Korea |  |  | 62.5 |  |  |  | 81.1 |
Alset Acquisition Sponsor, LLC |  | United States of America |  |  | 93.6 |  |  |  | 93.5 |
HWH International Inc. |  | Delaware, United States of America |  |  | - | ** |  |  | 81.1 |
Alset Spac Group Inc. |  | United States of America |  |  | 93.6 |  |  |  | 93.5 |
Hapi WealthBuilder Pte. Ltd. |  | Singapore |  |  | 62.5 |  |  |  | 81.1 |
Hapi iRobot Pte. Ltd. |  | Singapore |  |  | 62.5 |  |  |  | 81.1 |
HWH International Inc. |  | Nevada, United States of America |  |  | 62.5 |  |  |  | 81.1 |
Hapi Cafe SG Pte. Ltd. |  | Singapore |  |  | 62.5 |  |  |  | 81.1 |
Hapi Cafe Limited |  | Hong Kong |  |  | 99.6 |  |  |  | 99.6 |
Hapi Group HK Limited |  | Hong Kong |  |  | 99.6 |  |  |  | 99.6 |
AHR Texas Four, LLC |  | United States of America |  |  | 100 |  |  |  | 100 |
Alset F&B (PLQ) Pte. Ltd. |  | Singapore |  |  | - |  |  |  | 81.1 |
Hapi Robot Service Pte. Ltd. |  | Singapore |  |  | 99.6 |  |  |  | 99.6 |
Guangdong LeFu Wealth Investment Consulting Co., Ltd. |  | China |  |  | 99.6 |  |  |  | 99.6 |
Dongguan Leyouyou Catering Management Co., Ltd. |  | China |  |  | 99.6 |  |  |  | 99.6 |
Robot Ai Trade Pte. Ltd. |  | Singapore |  |  | - |  |  |  | 85.7 |
Ketomei Pte. Ltd. |  | Singapore |  |  | 34.8 | * |  |  | 39.7 | *
Hapi MarketPlace Inc. |  | United States of America |  |  | - |  |  |  | 81.1 |
Hapi Café Co., Ltd. |  | Taiwan |  |  | 99.6 |  |  |  | 99.6 |
Hapi Home Inc. |  | United States of America |  |  | - |  |  |  | 81.1 |
Hapi Robot Inc. |  | United States of America |  |  | 64.8 |  |  |  | 72.3 |
Hapi Café Sdn. Bhd. |  | Malaysia |  |  | 62.5 |  |  |  | 81.1 |
L.E.H. Insurance Group, LLC |  | United States of America |  |  | 62.5 |  |  |  | - |
Hapi Wealth Builder Limited |  | Hong Kong |  |  | 62.5 |  |  |  | - |
LVD Merger Corp. |  | United States of America |  |  | 85.8 |  |  |  | - |
Alset Real Estate Holdings Inc. |  | United States of America |  |  | 85.8 |  |  |  | - |
New Energy Asia Pacific Inc. |  | United States of America |  |  | 100 |  |  |  | - |
Alset Robot Inc. |  | United States of America |  |  | 68.2 |  |  |  | - |
* | 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.
** | On November 14, 2025, HWH International Inc. (a Delaware company) completed a merger pursuant to which the Delaware parent merged with and into its wholly owned Nevada subsidiary, with the Nevada entity surviving. As a result, HWH International Inc., a Nevada corporation, is the successor issuer under Rule 12g-3 of the Securities Exchange Act of 1934.

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of accounting policy for subsidiaries or other investments that are consolidated, including the accounting treatment for intercompany accounts or transactions and any noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1 + Details
Name: | us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration