Core Insights - HWH International Inc. has established a joint venture in its Hapi Travel business, holding a 19% interest, aimed at expanding its travel operations in China and the ASEAN region [1][2] Group 1: Joint Venture and Operations - The joint venture, HapiTravel Holding Pte. Ltd., is a wholly owned foreign enterprise in Singapore, focusing on education tours, conference tour packages, and a B2B hotel booking system [2] - The joint venture and its predecessors have generated over US$18 million in revenue during the first three quarters of 2024 [3] - Hapi Travel has successfully launched its educational tour business in Hong Kong and plans to establish subsidiaries in Singapore and Malaysia to meet growing travel demand [3] Group 2: Company Vision and Mission - The company emphasizes its mission to promote health, wealth, and happiness, which is central to its operations [4] - HWH International Inc. operates under four core pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder, aiming to create differentiated offerings [4]

Core Insights - HWH International Inc. has announced a strategic partnership with Asia Business College to launch the Hapi Wealth program in China in Q1 2025 [1][2] - Hapi Wealth aims to provide comprehensive knowledge in equity investment and wealth-building strategies, with a successful soft launch in November 2024 [2][4] - The program will establish a dedicated headquarters in China to facilitate in-person tutorials and workshops [3] Company Strategy - The partnership with Asia Business College will enhance the delivery of educational materials in both Chinese and English, with plans for additional languages [4] - HWH plans to utilize its network of Hapi Cafés for program sessions and community-building efforts, targeting key locations across Asia [5] - Asia is identified as a foundational market for Hapi Wealth, with lessons from this experience informing future expansion into North America [6] Mission and Vision - Hapi Wealth is designed to empower individuals towards financial independence and resilience, aligning with HWH's vision of promoting health, wealth, and happiness [7] - The program emphasizes a community-centric approach to make wealth-building accessible and effective [7] - HWH International Inc. operates under four core pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder, focusing on helping individuals pursue health, wealth, and happiness [8]

BETHESDA, MD, Dec. 12, 2024 (GLOBE NEWSWIRE) -- HWH International Inc. (“HWH”) (Nasdaq: HWH) is proud to announce its plans to begin its marketing efforts in the U.S. in the first quarter of 2025. The Company’s wholly owned subsidiary, Hapi iRobot Pte. Ltd. has entered into a strategic partnership with Sharing Service Global Corporation (OTC: SHRG) to establish a dedicated showroom in conjunction with the recently announced Distribution Rights Agreement HWH has entered into with Guangzhou Inbot Technology L ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 001-41254 HWH INTERNATIONAL INC. (Exact name of registrant as specified in its charter) Delaware (State or other ...

Bethesda, MD, Nov. 04, 2024 (GLOBE NEWSWIRE) -- HWH International Inc. (Nasdaq: HWH) is pleased to announce the launch of its proprietary business-to-consumer marketplace, Hapi Marketplace, which aims to offer a diversity of high-quality yet price competitive products. Hapi Marketplace features an extensive selection of over forty-seven product categories including wellness, elderly care, auto accessories and more. A special range of products are sourced by our team, allowing our customers to shop with conf ...

Bethesda, MD, Oct. 31, 2024 (GLOBE NEWSWIRE) -- HWH International Inc. (“HWH” or the “Company”) (Nasdaq: HWH) is pleased to announce that the Company has scheduled the launch of Hapi Wealth, a program dedicated to providing comprehensive education in equity investment and wealth-building strategies. A soft launch is scheduled for November 2024 in China and elsewhere in Asia, with the official launch set for January 2025. Building on the success of the launch, HWH plans to expand Hapi Wealth globally, with a ...

Financial Performance - Total revenue for the three months ended June 30, 2024, was $334,882, a 71.5% increase from $195,198 in the same period of 2023[79] - Total revenue for the six months ended June 30, 2024, was $620,992, up 57.0% from $395,760 in the same period of 2023[79] - Net loss for the three months ended June 30, 2024, was $403,641, compared to a net loss of $62,935 in the same period of 2023[81] - Net loss for the six months ended June 30, 2024, was $1,740,160, contrasting with a net income of $108,914 in the same period of 2023[81] Cost and Expenses - Cost of revenue increased from $73,620 in the three months ended June 30, 2023, to $169,969 in the same period of 2024[84] - Operating expenses rose from $582,466 to $654,740 in the three months ended June 30, 2023, and 2024, respectively[85] - Other income decreased significantly from $552,660 in the three months ended June 30, 2023, to $86,186 in the same period of 2024[86] Membership and Business Model - The company has 9,811 founding members, with a cap of 10,000, who will enjoy continuous membership benefits[77] - The company plans to implement a new yearly subscription-based membership model, with exclusive discounts and passive income opportunities for members[77] - Hapi Cafés are positioned as integral to the business model, with locations opened in Seoul and Singapore, and plans for further expansion[78] Cash Flow and Assets - Cash decreased from $1,159,201 as of December 31, 2023, to $821,353 as of June 30, 2024, while total assets dropped from $23,710,684 to $3,068,280 in the same timeframe[87] - The Company utilized $1,129,040 in operating activities for the six months ended June 30, 2024, a decrease from $1,379,468 in the same period of 2023[88] - Net cash provided by investing activities was $20,554,734 for the six months ended June 30, 2024, down from $69,023,066 in the same period of 2023[88] Financing and Support - The Company entered into a Credit Facility Agreement with Alset Inc. providing a maximum credit line of $1,000,000 at a simple interest rate of 3% per annum[87] - The Company has obtained letters of financial support from Alset International Limited and Alset Inc. to provide additional funding as needed for the next twelve months[87] Foreign Exchange and Growth Classification - The fluctuation of foreign exchange rates is expected to impact the results of operations in 2024, particularly concerning intercompany loans between Singapore and South Korea, which were approximately $2.7 million as of June 30, 2024[97] - The Company is classified as an "emerging growth company" and intends to take advantage of certain exemptions from various reporting requirements applicable to other public companies[98] - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[100] Internal Controls and Reporting - The company is not currently required to maintain an effective system of internal controls as defined by Section 404 of the Sarbanes-Oxley Act[100] - Management determined that the company did not maintain effective controls over financial reporting due to limited staff with U.S. GAAP and SEC reporting experience, constituting a material weakness[100] - To remediate the identified weaknesses, the company plans to appoint additional qualified personnel with financial accounting, GAAP, and SEC experience[100] - The internal control assessment was based on the criteria described in the Internal Control Integrated Framework issued by COSO[100] - The company's internal control over financial reporting may vary over time due to changes in conditions[100] - The prospectus does not include an attestation report from the registered public accounting firm regarding internal control over financial reporting[100] - The management's report was not subject to attestation by the registered public accounting firm due to temporary SEC rules[100]

As filed with the Securities and Exchange Commission on June 5, 2024 Registration No. 333-278560 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1/A Amendment No. 3 UNDER THE SECURITIES ACT OF 1933 HWH International Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 5122 87-3296100 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 4800 Montgomery Lane, S ...

As filed with the Securities and Exchange Commission on June 5, 2024 Registration No. 333-278560 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1/A Amendment No. 3 UNDER THE SECURITIES ACT OF 1933 HWH International Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 5122 87-3296100 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 4800 Montgomery Lane, S ...

As filed with the Securities and Exchange Commission on May 20, 2024 Registration No. 333-278560 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1/A Amendment No. 2 UNDER THE SECURITIES ACT OF 1933 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) John Thatch Chief Executive Officer HWH International Inc. 4800 Montgomery Lane, Suite 210 Bethesda, MD 20814 1-301-971-3955 HWH International Inc. (Exact Name of Re ...