Mr. Adam Ingrao reports

ALSET AI'S LYKEN.AI SECURES CLOUD COMPUTE SERVICES PURCHASE ORDER FROM LEADING MULTINATIONAL TECHNOLOGY AND TELECOMMUNICATIONS COMPANY

Alset AI Ventures Inc.'s Cedarcross Technologies Inc., operating under the brand Lyken.AI, its flagship AI business, has secured a cloud compute services purchase order dated Feb. 2, 2026, with an initial three-month order from a leading multinational technology and telecommunications company.

The initial three-month purchase order is valued at approximately $250,000. This engagement marks Lyken.AI's entry into recurring commercial revenue generation for its cloud compute capabilities and underscores a potential for strong and growing demand for its full-service artificial intelligence solutions. The company expects the client to renew every three months, with the client indicating clear intent to renew quarterly throughout 2026. This is expected to generate approximately $1-million in annualized revenue for Lyken.AI, providing a stable recurring revenue base. Lyken.AI anticipates continued revenue growth in this client relationship over time.

"We are thrilled to secure this strategic client win with a multinational technology and telecommunications leader," said Kurtis Krack, president of Lyken.AI. "This recurring contract marks the beginning of meaningful revenue scaling for Lyken.AI, validating market demand for our full-service model that combines end-to-end cloud compute services with tailored AI deployment. This engagement underscores our confidence in our ability to grow."

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.