Mr. Adam Ingrao reports

ALSET AI ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE REMAINING INTEREST IN CEDARCROSS TECHNOLOGIES (DBA LYKEN.AI)

Alset AI Ventures Inc. has entered into a definitive share exchange agreement to acquire the remaining 25 per cent of the issued and outstanding common shares in the capital of in Cedarcross International Technologies Inc., a British Columbia-based private AI (artificial intelligence) cloud computing company now operating under the brand Lyken.AI. Upon closing of the acquisition, Alset AI will hold 100-per-cent ownership of the flagship platform-as-a-service (PaaS) compute platform.

"Completing this investment into Lyken.AI will be a major milestone for Alset," said Adam Ingrao, chief executive officer of Alset AI. "We will be positioned to help accelerate the commercial launch of Lyken.AI's PaaS strategy, deepen integration with our partners and invest to help scale Lyken rapidly to meet the increasing demand for domestic AI compute capacity. This transaction supports our goal to monetize infrastructure through value-added services and strategic alliances."

Transaction details

Pursuant to the terms of the share exchange agreement, Alset will issue seven million common shares in the capital of the company to the remaining shareholder of Cedarcross Technologies in exchange for approximately an additional 25 per cent of the issued and outstanding shares of Cedarcross Technologies at a deemed price of 10 cents per consideration share for total deemed consideration of $700,000. No finders' fees are payable in connection with the acquisition. The acquisition is an arm's-length transaction. The acquisition is subject to approval of the TSX Venture Exchange.

This transaction follows Alset AI's initial acquisition of a majority interest in Cedarcross on Feb. 26, 2025, and its subsequent rebranding to Lyken.AI to better reflect the company's focused go-to-market compute strategy.

It is anticipated that Lyken will launch a new corporate website by the end of Q3 2025, designed to showcase its platform capabilities, ecosystem partnerships and turnkey infrastructure solutions. The site will serve as a central hub for customers, partners and investors seeking to engage with Lyken's end-to-end AI infrastructure offerings. With this revamped strategic focus, Lyken is well positioned to become a prominent boutique AI infrastructure platform, designed from inception to deliver margin-rich solutions, reduce time to deployment and scale compute resources as demand accelerates.

About Alset AI Ventures Inc.

Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.

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