Ms. Christina Boyd reports

TENET ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS AND APPOINTS MAYCO QUIROZ CHIEF OPERATING OFFICER

Tenet Fintech Group Inc., further to its news release of Sept. 26, 2023, has released the results of the special meeting of shareholders held Thursday, Oct. 26, 2023. At the meeting, shareholders approved the increase of the size of the board of directors to five, and elected Yves C. Renaud and Sanjay Sharma to the board. In addition, the company received majority of the minority shareholder approval for the issuance of $7.72-million of securities of the company to certain related parties of the company in connection with a financing of the company. Please see the news releases dated June 29, 2023, Aug. 18, 2023, and Sept. 8, 2023, as well as the meeting materials available under the company's profile on SEDAR+, for more information.

Mayco Quiroz, who was elected to the board of directors of the company on June 27, 2023, resigned his position effective as of the close of the meeting and was appointed to the position of chief operating officer of the company. Mr. Quiroz is a chartered professional accountant (CPA) specializing in strategic and operations management, legal and financial compliance, treasury management, and financing. He brings close to 25 years of professional experience, including 15 years working with fintech companies, to Tenet's executive and leadership team. Mr. Quiroz is expected to work in close collaboration with Tenet chief executive officer Johnson Joseph and Tenet chief analytics officer Dr. Luis Rocha on the development and commercialization of the company's data-driven products through Tenet's Tenoris3 subsidiary.

"I am so excited to have the opportunity to work with a group of people and visionaries who are looking to build extraordinary products with the potential to help shape or redefine entire industries," commented Mr. Quiroz. "At Tenet, we're convinced that AI and analytics will forever change our world in the next few years, but that AI and analytics are nothing without data. While we've been positioning ourselves as potential global leaders when it comes to small- and medium-sized business data, we've also been working on products and services based on this data that we believe will bring about new and exciting opportunities for our clients."

Tenet's board of directors now comprises three independent directors, namely Jean Leblond, Mr. Renaud and Mr. Sharma, and two non-independent directors in Mr. Joseph and Dr. Qiu, who serves as CEO of Tenet's Chinese operations.

About Tenet Fintech Group Inc.

Tenet is the parent company of a group of innovative financial technology (fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries provide analytics and AI-based (artificial intelligence) services to businesses and financial institutions through the Cubeler business hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B (business-to-business) transactions among its members.

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