Mr. Adam Ingrao reports

ALSET AI ANNOUNCES FORMAL COMMENCEMENT OF EARLY WARRANT EXERCISE INCENTIVE PROGRAM TO STRENGTHEN BALANCE SHEET FOR GROWTH

Following the conclusion of its annual and special meeting of shareholders (the AGSM) held on Aug. 26, 2025, Lisa Baird and Vijay Mony have been formally appointed to the company's board of directors. In addition to the new appointments, the board continues to include Jack Huang, Zelong (Roger) He and Adam Ingrao, who were each reappointed at the AGSM.

"We are thrilled to welcome Lisa and Vijay to the board," said Adam Ingrao, chief executive officer of Alset AI. "Their deep leadership experience and strategic vision will be instrumental as we continue to scale our AI infrastructure platform and execute on growth opportunities. Both bring diverse expertise that will help guide Alset AI through its next exciting chapter."

Lisa Baird

Ms. Baird is the president and chief executive officer of NextUp, the leading non-profit member association providing leadership development, resources and programming for business executives. Ms. Baird currently serves on the board of Cantaloupe (Nasdaq: CTLP), a leading provider of technology for self-serve commerce. Her previous board service includes Fox Racing (acquired by Vista Outdoor), GK Elite (owned by Riverside Company), the International Hall of Fame of Tennis and the Women's Sports Foundation. Before her current role, Ms. Baird held leadership positions at National Women's Soccer League), the United States Olympic and Paralympic Committee, the National Football League, IBM and General Motors. Ms. Baird is a graduate of Schreyer Honors College at Pennsylvania State University and holds an MBA from the Smeal Business School.

Vijay Mony

Mr. Mony is the founder and managing partner at Woodson Equity, bringing a wealth of strategic, financial and operational experience from some of the most respected private equity firms in North America. Before founding Woodson Equity, Mr. Mony held leadership roles at OpenGate Capital, Cerberus Capital Management and built a strong foundation with earlier positions at Accenture, Alvarez & Marsal, and Ford Motor company.

Mr. Mony holds a BA from Michigan State University and has a long-standing history of driving value creation across a range of industries.

Shareholder voting results

In addition to the election of the directors of the board, shareholders of Alset AI approved all matters presented at the AGSM, including the reappointment of Davidson & Company LLP as auditor of the company, and certain amendments to the company's equity incentive plan, which remains subject to final approval of the TSX Venture Exchange.

The company thanks its shareholders for their continued support.

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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