On December 17, 2021, the Board of Directors of Value Exchange International, Inc., a Nevada corporation, (“Company”) appointed Mr. Chan Heng Fai (also known as Chan Heng Fai (Ambrose)) as a director of the Board. He is filling the vacancy on the Board created by the resignation of Yeung Chun Wing on November 19, 2021. Mr. Chan is the Chief Executive Officer and Chairman of Alset EHome International Inc., and is personally and through an entity the largest shareholder of Alset EHome International Inc. Mr. Chan is also the Executive Chairman of GigWorld, Inc. GigWorld, Inc.’s majority shareholder is Alset International Limited. Alset International Limited’s majority shareholder is Alset EHome International Inc. Mr. Chan is personally and through an entity he controls the largest shareholder of Alset EHome International Inc. Mr. Chan is the Chief Executive Officer and Chairman of Alset International Limited. Mr. Chan serves or has served as a director and senior executive officer for several companies, including current service as Chairman of the Board of Directors of Document Security Systems, Inc., an New York Stock Exchange listed company, and a non-executive director of Holista CollTech Ltd., an Australian Securities Exchange listed company.