Alset International Limited (Catalist:40V) entered into an sale and purchase agreement to acquire an additional 12.82% stake in Document Security Systems, Inc. (AMEX:DSS) from Chan Heng Fai and Hengfai Business Development Pte Ltd("Vendors") for $4.7 million on January 6, 2021. In connection to this transaction, Alset will acquire 748,492 shares in the share capital of Document Security Systems representing approximately 12.82% of the total issued and paid-up share capital of DSS and consideration for these shares amount to $4.7 million. The consideration shall be funded through the Group's internal resources.

Chan Heng Fai holds 725,725 shares in the share capital of Document Security Systems, representing approximately 12.43% of the total issued and paid-up share capital of Document Security Systems and Hengfai Business Development holds 22,767 shares in the share capital of Document Security Systems, representing approximately 0.39% of the total issued and paid-up share capital of Document Security Systems. The deal is subject to Vendors obtaining such approvals from its board of directors and/or shareholders in connection with the purchase agreement, obtaining all relevant approvals in connection with the purchase agreement, all necessary third party, governmental and regulatory consents, approvals and waivers, including approvals, waivers and clearance, where required for the transactions contemplated thereunder, having been obtained by the vendors.