Lui Wai Leung Alan
AlsetAbout Lui Wai Leung Alan
Lui Wai Leung Alan is Co-Chief Financial Officer (principal financial officer) of Alset Inc. (AEI), a role he has held since March 2018. He is age 55 per AEI’s executive roster and continues to sign Sarbanes–Oxley Section 302 and 906 CFO certifications for the company’s SEC filings, evidencing responsibility for disclosure controls and internal control over financial reporting . He has been CFO of Alset International Limited (SGX-listed) since November 2016 and serves as its Executive Director; prior roles include Financial Controller and various executive posts at Zensun Enterprises Limited (HKSE) from 1997–2016. He is a certified practicing accountant (Australia) and holds a Bachelor’s in Business Administration from Hong Kong Baptist University .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Zensun Enterprises Limited (HKSE) | Various executive roles incl. Financial Controller | 1997–2016 | Oversaw financial and management reporting, focusing on financing operations, treasury investment and management |
| Alset EHome Inc. (subsidiary) | Co-Chief Financial Officer | Since Oct 2017 | Finance leadership across U.S. home development/rental initiatives |
| Winning Catering Group, Inc. (formerly LiquidValue Development Inc.) | Co-Chief Financial Officer | Since Dec 2017 | Finance oversight for subsidiary operations |
| Hapi Metaverse Inc. (subsidiary) | Chief Financial Officer | Since May 2016 | Finance leadership for technology-focused subsidiary |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Alset International Limited (SGX) | Chief Financial Officer; Executive Director | CFO since Nov 2016; Exec Director since Jul 2020 | Public-company CFO and board-level oversight; supports group capital markets and strategy |
| BMI Capital Partners International Ltd. | Director; Chief Financial Officer | Since Oct 2016 | Leads finance at Hong Kong investment consulting subsidiary |
Fixed Compensation
| Metric (USD) | 2023 | 2024 |
|---|---|---|
| Base Salary | $154,426 | $199,326 |
| Cash Bonus | $0 (not disclosed as paid) | $0 (not disclosed as paid) |
| Notes | Collected as named executive officer; compensated by Alset International Limited | Collected as named executive officer; compensated by Alset International Limited |
Performance Compensation
- No equity awards (RSUs, PSUs, options) were granted to AEI named executive officers during 2024; AEI reports that named executive officers (including Lui) held no stock options or warrants outstanding at the time of the proxy, and AEI has not issued options historically under prior plans to officers, directors or employees .
- AEI’s 2025 Incentive Compensation Plan authorizes options, restricted awards, and other stock-based awards through 2035, but no specific award to Lui is disclosed in the proxy .
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Annual cash incentive | Not disclosed for Lui | — | — | — | — | — |
| RSUs/PSUs | Not granted in 2024 | — | — | — | — | — |
| Stock options | None outstanding/none granted | — | — | — | — | — |
Equity Ownership & Alignment
| Ownership Item | Detail |
|---|---|
| Total beneficial ownership (AEI common) | 0 shares as of Oct 22, 2025 |
| Ownership % of shares outstanding | 0.0% of 38,999,001 shares outstanding as of the Beneficial Ownership Date |
| Options (exercisable/unexercisable) | None; officers and directors held no AEI options/warrants at present |
| Unvested RSUs/PSUs | None disclosed |
| Shares pledged as collateral | Not disclosed |
| Ownership guidelines and compliance | Not disclosed |
Footnote: Percentages and “no options/warrants” statement are based on the Security Ownership table context (38,999,001 shares outstanding) and narrative indicating no stock options/warrants held by officers/directors .
Employment Terms
| Term | Detail |
|---|---|
| AEI start date and tenure | Co-Chief Financial Officer since March 2018 (~7+ years of tenure) |
| Current position | Co-Chief Financial Officer; Principal Financial Officer (SOX certifier) |
| Employer of record for compensation | Alset International Limited (subsidiary) |
| Contract term/expiration | Not disclosed for Lui (CEO and Co-CEO agreements disclosed; no specific employment agreement disclosed for Lui) |
| Severance / Change-in-Control | Not disclosed for Lui (CEO has market-cap/NAV-linked arrangements and COI terms; not applicable to Lui per proxy) |
| Non-compete / Non-solicit | Not disclosed |
| Clawback provisions | Not specifically disclosed; AEI adopted an Insider Trading Policy on March 19, 2025; Code of Conduct in place |
| Indemnification | Company intends to enter indemnification agreements with executive officers |
Compensation Committee
- Composition: Wong Tat Keung, Wong Shui Yeung, William Wu serve on the Compensation Committee; all are independent directors per AEI’s governance disclosures .
- Meetings: The Compensation Committee did not meet during fiscal year 2024; prior to formation, the full Board administered compensation functions .
Related Party Context (Governance Signals)
- The proxy details extensive related-party transactions among AEI, Alset International, HWH, VEII, and affiliates led by the Chairman/CEO. None are specifically tied to Lui individually in the disclosures reviewed .
Performance & Track Record Signals
- Certifications: Lui signed AEI’s Q3 2025 SOX 302/906 CFO certifications, indicating responsibility over disclosure controls and internal control over financial reporting .
- Role breadth: His concurrent CFO/Co-CFO roles across multiple subsidiaries (Alset International, Alset EHome, Hapi Metaverse, Winning Catering Group, BMI Capital Partners) reflect group-level finance leadership and cross-entity coordination .
Investment Implications
- Pay-for-performance linkage at AEI appears limited for Lui: filings disclose base salary only, paid by Alset International, with no AEI equity grants or bonus metrics tied to AEI performance for 2023–2024. This reduces direct alignment to AEI shareholder outcomes and implies low vesting-related selling pressure near term .
- Ownership alignment is minimal: 0 AEI shares owned, no options or RSUs disclosed, and no pledging disclosure—suggesting limited direct economic exposure to AEI equity for Lui .
- Retention risk seems moderate: Tenure since 2018 and multiple senior roles across the group signal embeddedness; however, absence of disclosed AEI severance/CIC protections for Lui reduces visibility into exit economics and retention levers .
- Governance watchpoints: The Compensation Committee did not meet in 2024, and AEI’s insider trading policy was only adopted in March 2025; while Lui signs control certifications, the overall governance cadence warrants monitoring, especially given related-party activity concentrated around the controlling shareholder .