Mr. Adam Ingrao reports

ALSET AI ENTERS INTO AGREEMENT WITH GLOBAL AI INFRASTRUCTURE COMPANY

Alset AI Ventures Inc. has entered into a referral agreement dated Sept. 25, 2025, with a leading, publicly listed global AI (artificial intelligence) infrastructure company (the referee).

The agreement formally establishes Alset AI as a referral partner, enabling the company to refer prospective clients with larger scale needs to the referee. In addition, Alset AI and its flagship cloud service provider platform, Lyken.AI, anticipate leveraging access to the referee's comprehensive suite of products, services and resources, significantly strengthening Lyken's network.

This collaboration represents a meaningful expansion of Alset AI's vendor ecosystem, a central pillar of its long-term growth strategy, and complements its existing vendor and technology relationships. By integrating a leading global AI infrastructure provider into its vendor network, Alset AI expects to:

• Enhance Lyken's ability to service its existing commercial pipeline;
• Introduce new capabilities that broaden Lyken's appeal to large-scale enterprise and institutional customers;
• Provide Canadian and international clients with access to global-grade infrastructure resources.

Pursuant to the terms of the agreement, Alset AI will identify qualified leads for the referee and facilitate presale and final sale transactions with leads accepted by the referee. The referee will compensate Alset AI for finalized sales transactions based on a percentage of the proceeds received in connection with services provided by each client. The agreement will remain in effect indefinitely, unless: (i) automatically terminated if Alset AI does not submit a prospective client lead to the referee for 12 consecutive months; or (ii) upon either Alset AI or the referee providing 45 days of prior written notice.

"This referral agreement marks a major milestone in building an established vendor ecosystem at Alset AI," said Adam Ingrao, chief executive officer of Alset AI. "Aligning with this global AI infrastructure provider creates a unique pathway for Lyken to scale revenues, expand its pipeline and accelerate solutions for customers globally. This is about expanding our reach, unlocking resources and positioning our platform for long-term, sustainable growth."

About Alset AI Ventures Inc.

Alset AI is an AI-focused venture investment platform dedicated to sourcing, financing 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.

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