Alset AI: Navigating the MCTO and Maintaining Momentum

Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ), an artificial intelligence (AI) venture company, has been diligently working to address the Management Cease Trade Order (MCTO) granted by the British Columbia Securities Commission (BCSC) on January 29, 2025. The MCTO restricts trading by the CEO and CFO until the company files its annual audited financial statements for the year ended September 30, 2024, including the related management's discussion and analysis, and CEO and CFO certifications on or before March 31, 2025. Alset AI has been providing bi-weekly updates on its progress in meeting the filing requirements, demonstrating its commitment to transparency and compliance.



Alset AI's Board of Directors and management have confirmed that there have been no material changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor. Additionally, there have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203. The Company has also assured investors that there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement. Furthermore, there have been no material changes in respect of the Company's affairs that have not been generally disclosed.



Alset AI anticipates that it will be in a position to file the Required Documents by March 11, 2025. Until the Required Documents have been filed, the Company intends to continue to satisfy the provisions of the Alternative Information Guidelines specified in NP 12-203 by issuing these bi-weekly default status reports in the form of further press releases. This approach ensures that the Company remains in compliance with the guidelines and keeps its shareholders informed about its progress in meeting the filing requirements.

Alset AI's strategic plans remain focused on advancing innovation through strategic investment and cloud computing solutions. The MCTO has not significantly impacted the Company's long-term vision, and the management is working expeditiously to ensure business continuity. By maintaining open communication with its shareholders and addressing their concerns, Alset AI can work towards rebuilding trust and maintaining investor confidence.

In conclusion, Alset AI Ventures Inc. is committed to addressing the MCTO and maintaining its momentum as an AI venture company. Through bi-weekly updates and a focus on transparency, Alset AI is working to ensure compliance with regulatory requirements and rebuild investor confidence. As the Company continues to navigate the MCTO, it remains well-positioned to capitalize on its market potential and shape the future of artificial intelligence.