Sec Form 4 Filing - Chan Heng Fai Ambrose @ SHARING SERVICES GLOBAL Corp - 2023-05-04

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Chan Heng Fai Ambrose 2. Issuer Name and Ticker or Trading Symbol SHARING SERVICES GLOBAL Corp [ SHRG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Exec. Chairman of the Board (Last) (First) (Middle) C/O SHARING SERVICES GLOBAL CORPORATION, 5200 TENNYSON PARKWAY,SUITE 400 3. Date of Earliest Transaction (MM/DD/YY) 05/04/2023 (Street) PLANO,, TX75024 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 05/04/2023 05/04/2023 J( 1 ) 33,071,768 A $ 0 33,071,768 ( 1 ) D Common Stock 05/04/2023 05/04/2023 J( 1 ) 3,882,808 A $ 0 36,954,576 ( 2 ) D Common Stock 05/04/2023 05/04/2023 J( 1 ) 874,076 A $ 0 37,828,652 ( 3 ) D Common Stock 05/04/2023 05/04/2023 J( 1 ) 119,104 ( 4 ) A $ 0 119,104 I Footnote ( 4 ) Common Stock 05/04/2023 05/04/2023 J( 1 ) 125,624,528 ( 5 ) A $ 0 125,743,632 I Footnote ( 5 ) ( 6 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Chan Heng Fai Ambrose C/O SHARING SERVICES GLOBAL CORPORATION 5200 TENNYSON PARKWAY,SUITE 400 PLANO,, TX75024 X Exec. Chairman of the Board Signatures /s/ Chan Heng Fai Ambrose 05/15/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Acquired in connection with a distribution of shares registered pursuant to a registration statement on Form S-1 filed by the Issuer with the Securities and Exchange Commission for a planned distribution of shares (the "DSS Distribution") of common stock, par value $0.0001 per share of Sharing Services Global Corporation ("SHRG"), beneficially held by DSS, Inc. (formerly Document Security Systems, Inc.), directly and through its subsidiary, Decentralized Sharing Systems, Inc., to the shareholders of DSS, Inc. ( 2 )Mr. Chan Heng Fai Ambrose holds the shares received pursuant to the DSS Distribution in his personal broker account with Credit Suisse Hong Kong. ( 3 )Mr. Chan Heng Fai Ambrose holds the shares received pursuant to the DSS Distribution in his personal broker account with Westpark Capital. ( 4 )Comprises 119,104 SHRG shares received pursuant to the DSS Distribution by Heng Fai Holdings Limited. Mr Chan Heng Fai Ambrose is the sole Director and sole Shareholder of this company. ( 5 )Comprises (i) 70,426,832 SHRG shares received pursuant to the DSS Distribution by Alset Inc., (ii) 42,732,354 SHRG shares received pursuant to the DSS Distribution by Alset International Limited, and (iii) 12,465,342 SHRG shares received pursuant to the DSS Distribution by Global Biomedical Pte. Ltd. Does not include the 1,443,194 SHRG shares held by DSS Inc. after giving effect to the DSS Distribution or the 6,274,358 SHRG shares held by Decentralized Sharing Systems, Inc. after giving effect to the DSS Distribution, the beneficial ownership of which shares are reported separately by DSS Inc. Mr. Chan Heng Fai Ambrose is the Chairman of the Board of Directors of DSS Inc. ( 6 )Mr. Chan Heng Fai Ambrose serves as (i) the Chief Executive Officer and Chairman of the board of directors of Alset Inc., (ii) as the Group Chief Executive Officer of Alset International Limited, and (iii) as the Director of Global Biomedical Pte. Ltd. Accordingly, due to his interest in, and control over these entities, Mr. Chan indirectly holds beneficial interest in SHRG shares owned by such entities, and can exercise common control over the voting powers of these SHRG shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.