Mr. Adam Ingrao reports

ALSET AI'S LYKEN.AI SIGNS FORMAL CLOUD COMPUTE SERVICES CONTRACT WITH LEADING MULTINATIONAL TECHNOLOGY AND TELECOMMUNICATIONS COMPANY, COMMENCES SERVICE DELIVERY; EXPECTED TO GENERATE $1 MILLION IN ANNUALIZED RECURRING REVENUE

Alset AI Ventures Inc. client Cedarcross Technologies Inc., operating under the brand Lyken.AI, its flagship AI business, is pleased to provide an update on its previously announced purchase order with a leading multinational technology and telecommunications company.

Further to the company's news release dated Feb. 3, 2026, in which Alset AI announced it had secured a cloud compute services purchase order dated Feb. 2, 2026, the company is pleased to announce that the formal contract has now been executed as of Feb. 6, 2026. The initial three-month term is valued at approximately $250,000, and Lyken.AI has commenced delivery of cloud compute services under the contract.

This contract solidifies Lyken.AI's first recurring commercial revenue stream and reflects strong demand for its full-service AI solutions. As previously disclosed, the client has indicated clear intent to renew quarterly throughout 2026, which is expected to generate approximately $1-million in annualized recurring revenue for Lyken.AI.

"We are excited to have formalized this contract and begun delivering services to this leading multinational client," said Kurtis Krack, president of Lyken.AI. "This is an important step in scaling recurring revenue for Lyken.AI."

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.

We seek Safe Harbor.