| Company Name / Business Name | Jurisdiction of Incorporation |
| 150 Black Oak GP Inc. | Texas |
| 150 CCM Black Oak Ltd | Texas |
| Alset BioHealth Pte. Ltd. | Singapore |
| Alset EHome Inc. | Delaware |
| Alset Energy Pte. Ltd. | Singapore |
| Alset Innovation Pte. Ltd. | Singapore |
| Alset International Limited | Singapore |
| Alset Payment Inc. | Texas |
| Alset Solar Inc. | Texas |
| Alset World Pte. Ltd. | Singapore |
| American Home REIT Inc. | Maryland |
| American Pacific Bancorp Inc. | Texas |
| Art eStudio Pte. Ltd. | Singapore |
| BioHealth Water Inc. | Nevada |
| BMI Capital Partners International Limited | Hong Kong |
| Decentralize Finance Inc. | Texas |
| Gig Stablecoin Inc. | Nevada |
| GigWorld Inc. | Delaware |
| Global BioMedical Pte. Ltd. | Singapore |
| Global eHealth Limited | Hong Kong |
| Global Solar REIT Inc. | Texas |
| Global TechFund of Fund Pte. Ltd. | Singapore |
| Hapi Cafe Inc. | Texas |
| Hapi Cafe Inc. | Nevada |
| Health Wealth Happiness Pte. Ltd. | Singapore |
| Health, Wealth & Happiness Inc. | Delaware |
| Hengfai Business Development Pte. Ltd. | Singapore |
| Hengfai International Pte. Ltd. | Singapore |
| Hengfeng Finance Limited | Hong Kong |
| HotApp International Limited | Hong Kong |
| HotApp BlockChain Pte. Ltd. | Singapore |
| HWH (S) Pte. Ltd. | Singapore |
| HWH International Inc. | Delaware |
| HWH KOR Inc. | Delaware |
| HWH Multi-Strategy Investment Inc. | Nevada |
| HWH World Inc. | Delaware |
| HWH World Inc. | South Korea |
| HWH World Limited | Hong Kong |
| HWH World Pte. Ltd. | Singapore |
| Impact BioHealth Pte. Ltd. | Singapore |
| LiquidValue Asset Management Pte. Ltd. | Singapore |
| LiquidValue Development Inc. | Nevada |
| LiquidValue Development Limited | Hong Kong |
| LiquidValue Development Pte. Ltd. | Singapore |
| Open House Inc. | Nevada |
| Open Rental Inc. | Nevada |
| OpenBiz Inc. | Nevada |
| SeD Ballenger LLC | Delaware |
| SeD Builder LLC | Delaware |
| SeD Capital Pte. Ltd. | Singapore |
| SeD Development Management LLC | Delaware |
| SeD Development USA Inc. | Delaware |
| SeD Home Limited | Hong Kong |
| SeD Intelligent Home Inc. | Delaware |
| SeD Management Pte. Ltd. | Singapore |
| SeD Maryland Development LLC | Delaware |
| SeD Perth Pty Ltd | Australia |
| SeD REIT Inc. | Maryland |
| SeD Texas Home LLC | Delaware |
| SeD USA LLC | Delaware |
| SeDHome Rental Inc. | Texas |
| Singapore Construction & Development Pte. Ltd. | Singapore |
| Singapore Construction Pte. Ltd. | Singapore |
| Singapore eChainLogistic Pte. Ltd. | Singapore |
| True Partner International Limited | Hong Kong |
| Ubeauty Limited | Hong Kong |
| WeBeauty Korea Inc. | South Korea |
