Mr. Liang Qiu reports

TENET RELEASES CUBELER(R) BUSINESS HUB CHINESE OPERATIONS STATISTICS AHEAD OF LAUNCH OF DATA SCIENCE SUBSIDIARY WEBSITE

Tenet Fintech Group Inc. has released selected statistics related to overall activity on the Cubeler business hub in China, as the company's Tenoris3 data science subsidiary, which will leverage and transform data coming from the Cubeler business hub into unique AI (artificial intelligence) and analytics-based product offerings, prepares to officially launch its website.

Since it was first launched in China in 2018, through the end of October, 2023, the Cubeler business hub has helped facilitate loans and credit worth over $3.5-billion for over 100,000 Chinese SMEs (small-to-medium-sized enterprises). Retail businesses, particularly those operating on-line stores and benefiting from the company's program dedicated to retail shops on the JD.com platform, garnered most of the credit awarded on the platform, with approximately $1.7-billion, or 47.9 per cent, of the total amount. Businesses operating in the oil and gas sector accounted for the second-largest amount, with a little over $1.1-billion, or 30.9 per cent, followed by manufacturing businesses at about $691-million, or 19.73 per cent, to round out the top three sectors. While companies operating in those three industrial sectors had the largest appetites for the platform's financing services, businesses operating in a wide variety of other industries, including technology, professional services, construction, shipping and transportation, hospitality services, restaurants, and entertainment services also benefited from the Cubeler business hub's ability to bring them prequalified credit offers in exchange for access to their businesses' operations data.

"While it started as a credit facilitating platform, using analytics and AI to match financial institution lenders and SMEs operating along the supply chain in China, today, the Cubeler business hub is so much more than that," said Liang Qiu, chief executive officer of Tenet's Chinese operations. "Today's business hub is an ecosystem with transaction processing capabilities, the ability to open virtual and real-world bank accounts specifically created to be used within the ecosystem, and six subplatforms -- Gold River for supply-chain and consumer products, Link Steel for the steel and select metal products, Lending Pro for credit management, i3060 for clean energy, Heartbeat for insurance, and Yun Fleet for shipping and warehousing. All of this not only allows us to meet the specific needs of businesses operating in certain industries, but, more importantly, it allows us to have a footprint and gives us the ability to gather valuable data in a wide range of industries in China, including data that would not be available to us through the accounting software of our Cubeler business hub clients," concluded Mr. Qiu.

Tenet has been putting a lot of emphasis over the past 18 to 24 months on its ability to gather data from businesses operating in various industries and regions in China, as opposed to the revenue the company has been generating from the transactions the Cubeler business hub has helped facilitate. As the expected launch of the Tenoris3 website, which will highlight how Tenoris3 will monetize data from the Cubeler business hub, is fast approaching, the company released today's statistics to allow its shareholders to more easily make the connection between what they will observe on the Tenoris3 website and the start of Tenet's transition from a transaction-fee-based revenue model to a predominantly recurring-subscription-fee based revenue model.

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.

We seek Safe Harbor.