Mr. Vince Kadar reports

ANALYTIXINSIGHT PROVIDES A CORPORATE UPDATE ON THE MANAGEMENT TRANSITION

AnalytixInsight Inc. today provided an update on certain corporate matters stemming from the Jan. 12, 2024, resignation of the company's former chief executive officer, president and chairman, Prakash Hariharan. Although he continues to serve on the board of directors of the company, the leadership transition process resulted in the company reaching a settlement with Mr. Hariharan during a mediation conducted by the Hon. D. Cunningham on Jan. 11, 2024, which was subsequently approved by the board on Jan. 12, 2024.

AnalytixInsight announces that at a meeting of the board held today, the chairman of the board, Vince Kadar, put forth a motion to resolve to ask Mr. Hariharan for his immediate resignation from the board. The motion made by Mr. Kadar follows several breaches by Mr. Hariharan of the settlement that have since been identified by the company. Scott Gardner seconded the motion. In accordance with corporate law and the bylaws of the company, Mr. Hariharan was conflicted and therefore not permitted to vote on the resolution. However, two other directors, Chaith Kondragunta and Jith Veeravalli, opposed the motion, resulting in a tie, with two directors voting in favour of the resolution and two directors opposed. Following Mr. Kadar's proposed motion, Mr. Veeravalli put forth an additional motion to resolve to ask Mr. Gardner for his immediate resignation from the board on the basis that he received less than 50-per-cent approval at the company's annual and special meeting of shareholders held on Aug. 31, 2023. Mr. Kondragunta and Mr. Hariharan seconded and approved the motion, respectively. In accordance with corporate law and the bylaws of the company, Mr. Gardner was conflicted and therefore not permitted to vote on the resolution. Although Mr. Kadar voted against the motion, it passed with a majority of the members of the board voting in favour. The meeting ended shortly thereafter following a motion to terminate proposed by Mr. Veeravalli. Mr. Gardner subsequently declined to resign citing that, notwithstanding the voting results, he was duly re-elected in accordance with corporate law, the rules and policies of the TSX Venture Exchange, and the company's bylaws and policies in effect at the time. Mr. Hariharan's and Mr. Gardner's respective terms as board members conclude at the company's next annual general meeting, unless such person is duly re-elected.

"The board must put AnalytixInsight's interests first in continuing our management transformation and corporate evolution. While it is unfortunate that the board is not unified in our decision today, a breach of contract that includes the company's intellectual property is a serious matter," stated Vince Kadar, board chair of AnalytixInsight. "Members of the board are actively pursuing all measures to protect the company's IP and core business as well as our ownership position in MarketWall."

About AnalytixInsight Inc.

AnalytixInsight is a data analytics and enterprise software solutions provider. AnalytixInsight develops and markets cloud-based platforms providing financial content, company analysis and stock research solutions to the financial services industry. AnalytixInsight holds a 49-per-cent interest in MarketWall, a developer of fintech solutions for financial institutions in Italy.