Lim Sheng Hon Danny
AlsetAbout Lim Sheng Hon Danny
Lim Sheng Hon Danny (age 33) is an Executive Director of AEI since October 2022 and a senior executive across AEI’s subsidiaries with 9+ years in business development, M&A, corporate restructuring, and strategic planning. He holds a Bachelor’s degree with Honors in Business (Banking and Finance) from Nanyang Technological University, Singapore . AEI’s Board classifies Lim as not independent under Nasdaq rules, reflecting his executive responsibilities and cross-affiliate roles . Performance context during his tenure includes continued revenue scale with negative EBITDA and net income; see multi-year fundamentals below.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Alset International Limited (SGX) | Senior VP, Business Development; Executive Director | 2020–present | Leads corporate strategic planning, M&A, and capital markets activities; oversees executional efficiency across the group . |
| AEI | Executive Director | Oct 2022–present | Appointed for extensive knowledge of AEI and subsidiaries to assist expansion . |
| HWH International Inc. (Nasdaq) | COO; Chief Strategic Officer | Feb 2024–present | Drives operational execution and strategy at affiliated public company . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| DSS, Inc. (NYSE) | Director | Oct 2023–present | Public company directorship . |
| HWH International Inc. (Nasdaq) | Director | Oct 2025–present | Board service added to executive roles . |
| Value Exchange International Inc. (OTC Markets/OTCQB) | Director | Dec 2023–present | Public company board role . |
Fixed Compensation
Director compensation and executive/consulting compensation attributed to Lim (AEI proxy disclosures):
| Component | FY 2023 | FY 2024 |
|---|---|---|
| Directors’ Fee ($) | $0 | $0 |
| Salary ($) | $193,784 | $190,135 |
| Consultation Fee ($) | — | $25,000 |
| Bonus ($) | — | $60,687 |
| Total Compensation ($) | $193,784 | $275,822 |
| Notes | Paid as employee/officer at Alset International and as consultant to AEI | Paid as employee of Alset International and consultant to AEI |
Director fee policy: Independent directors received $5,000 per quarter in 2024; AEI intends to compensate non-employee directors via annual option grants and cash fees. Lim did not receive the independent director cash fee in 2024, aligning with his non-independent executive status .
Performance Compensation
- AEI does not disclose performance metric linkages (e.g., revenue, EBITDA, TSR) to Lim’s bonus; the 2024 bonus appears discretionary or affiliate-determined without published weightings/targets for Lim .
- AEI adopted a 2025 Incentive Compensation Plan enabling options and restricted awards administered by the Compensation Committee; no specific RSU/PSU/option grants to Lim are disclosed .
Equity Ownership & Alignment
Beneficial ownership and instruments as of October 22, 2025:
| Item | Lim Sheng Hon Danny |
|---|---|
| Common Shares Beneficially Owned | 0 |
| % of Outstanding Shares | 0% (based on 38,999,001 shares) |
| Stock Options/Warrants | None outstanding for directors/officers at present |
| Pledged Shares | Not disclosed |
| Ownership Guidelines / Compliance | Not disclosed |
Context: AEI’s capital is highly concentrated with Chairman/CEO Chan Heng Fai holding 90.3% beneficially, underscoring limited minority influence and alignment considerations for other directors .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment Start Date (AEI Board) | October 2022 |
| Role Classification | Executive Director; not independent |
| Employer/Compensation Source | Employee of Alset International; Consultant to AEI |
| Contract Term/Expiration | Not disclosed for Lim |
| Severance / Change-of-Control | Not disclosed for Lim (COC/severance terms disclosed for other executives only) |
| Non-compete / Non-solicit | Not disclosed |
| Clawback | Not disclosed; AEI adopted an insider trading policy (Mar 19, 2025) |
| Hedging/Pledging Policy | Not disclosed |
| Indemnification | AEI intends indemnification agreements for directors/officers per Texas law |
Board Governance
| Item | Details |
|---|---|
| Board Service History | Director since 2022 |
| Independence Status | Not independent (alongside CEO Chan Heng Fai and Co-CEO Chan Tung Moe) |
| Committees | Not a member; Audit, Nominations & Corporate Governance, and Compensation Committees currently comprised of Wong Tat Keung, Wong Shui Yeung, William Wu |
| Committee Chairs | Audit Committee financial expert designation to Wong Tat Keung; Lim not on committees |
| Board Meeting Attendance | 100% in FY 2024 (Board held one meeting; each director attended) |
| Director Fees Policy | Independent directors paid $5,000 per quarter in 2024; AEI reviews director compensation annually |
Dual-role implications:
- Lim’s non-independent status and concurrent executive/board roles across AEI affiliates heighten related-party and independence considerations. AEI’s Audit Committee reviews related-party transactions and requires recusals when applicable; directors are polled annually on conflicts .
Performance & Track Record
Company fundamentals during Lim’s board tenure:
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($) | $3,842,279* | $20,976,419 | $19,608,184 |
| EBITDA ($) | $(6,126,297)* | $(799,785)* | $(1,270,020)* |
| Net Income ($) | $(40,490,938)* | $(58,946,381)* | $(3,965,884)* |
Values marked with * retrieved from S&P Global.
Notes:
- Revenue scaled materially from FY 2022 to FY 2023 and stabilized in FY 2024; EBITDA and net losses remained negative, though net loss narrowed significantly in FY 2024. This frames execution backdrop for board oversight during Lim’s tenure.
Related Party Transactions (Context)
- AEI executed a Stock Purchase Agreement with majority-owned subsidiary Alset International (Sept 26, 2024) to acquire HWH shares via a secured promissory note; overlapping directorships across AEI, Alset International, and HWH underscore interlocks and potential conflict scrutiny . AEI’s Audit Committee reviews related-party transactions, with recusal requirements and best-interest determinations .
Compensation Structure Analysis
- Cash-heavy mix: Lim’s compensation is predominantly salary/consulting/bonus; no disclosed equity grants or options, indicating lower at-risk/equity-linked pay .
- Governance oversight: The Compensation Committee did not meet in FY 2024, potentially weakening formal pay-for-performance oversight processes .
- Director fee differentiation: Lim did not receive independent director quarterly fees, consistent with executive/non-independent designation .
Investment Implications
- Alignment: Zero AEI share ownership, and no disclosed equity awards/options for Lim, limit pay-for-performance alignment and reduce insider selling pressure risk but also diminish skin-in-the-game incentives .
- Governance risk: Non-independent status, cross-affiliate roles, and committee inactivity in 2024 elevate independence and oversight concerns; however, AEI’s Audit Committee policies on related-party transactions and the adoption of an insider trading policy are mitigating factors .
- Retention/continuity: Ongoing senior roles across Alset International and HWH signal stability, but the absence of disclosed severance/COC economics for Lim leaves retention economics opaque .
- Trading signals: With no AEI equity holdings and no options, direct insider-selling pressure from Lim is minimal; broader governance concentration (CEO 90.3% ownership) suggests low float influence from other insiders and potential event-driven asymmetry via related-party transactions .