Mr. Adam Ingrao reports

ALSET AI'S LYKEN.AI ANNOUNCES NON-BINDING MEMORANDUM OF UNDERSTANDING WITH CLAIRVOYANT HOLDINGS INC.

Alset AI Ventures Inc.'s 100-per-cent-owned Cedarcross International Technologies Inc., operating under the brand Lyken.AI, has entered into a non-binding memorandum of understanding dated Jan. 28, 2026, with Clairvoyant Holdings Inc. (CHI) in respect of a proposed commercial collaboration focused on the deployment of Lyken's artificial intelligence-enabled infrastructure, cloud computing, software development and engineering capabilities across CHI's clinical and wellness platforms.

Proposed terms

Pursuant to the MOU, the parties have outlined a preliminary framework under which CHI would procure from Lyken a range of AI-enabled services, including cloud infrastructure provisioning, data ingestion and orchestration, AI model development and deployment, workflow automation, software application and API (application programming interface) development, systems integration and continuing engineering, maintenance, and optimization services, all tailored to CHI's clinical operations, digital platforms and affiliated wellness networks. In connection with the proposed collaboration, Silver Birch Growth Inc. (SBG) would provide complementary ecosystem and commercialization services, including customer introductions, channel and sales advisory, cross-referrals, and network expansion support.

The parties currently contemplate aggregate consideration of approximately $1.5-million, payable by CHI to Lyken in phased instalments over an anticipated period of approximately 24 months following the commencement of services, subject to the negotiation and execution of one or more definitive agreements. Of the amounts received by Lyken, approximately 65 per cent would be retained by Lyken as consideration for its technology and engineering services, with approximately 35 per cent allocated to SBG in consideration for ecosystem development and commercialization services. Any additional commercial arrangements, including potential revenue-sharing or performance-based economics, would be subject to further negotiation and, if agreed, documented in separate definitive agreements.

The MOU is intended to outline the parties' current understanding regarding the proposed collaboration and to facilitate continued discussions while mitigating execution risk. The MOU is non-binding, and no party is obligated to proceed with the proposed transaction unless and until definitive agreements are negotiated, executed and approved by the applicable boards and, where required, applicable regulators or the TSX Venture Exchange. The parties currently anticipate that any definitive agreement would not take effect prior to June 1, 2026. There is no guarantee that the parties will enter into definitive agreements.

The parties have acknowledged that the beneficial owner of CHI is currently an insider of Alset, and that, as a result, the proposed transaction may constitute a related party transaction for the purposes of applicable securities laws and the policies of the TSX-V. Any definitive agreement would be subject to compliance with applicable disclosure, approval and procedural requirements, if required.

About Clairvoyant Holdings Inc.

Clairvoyant Holdings is a privately held company that operates clinical operations, digital platforms and affiliated wellness networks in the health tech sector. CHI owns and controls Deer Park Wellness Inc. (operating as AlignWellness.ca) and Scale Health Inc. (operating as ScaleHealth.ca).

About Alset AI Ventures Inc.

Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.

We seek Safe Harbor.