VANCOUVER, BC / ACCESS Newswire / August 5, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60, WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it has filed and mailed its management information circular (the "Circular") and related materials (collectively, the "Meeting Materials") in connection with the upcoming annual and special meeting of holders ("Shareholders") of common shares in the capital of the Company ("Common Shares") to be held on August 26, 2025 at 11:00 a.m. (Toronto Time) at Brookfield Place, Suite 1800, 181 Bay Street, Toronto, Ontario, M5J 2T9 (the "Meeting").

Lisa Baird and Vijay Mony, two experienced business leaders, have been nominated for election as independent directors at the Meeting. Current directors Vikas Ranjan and Leighton Bocking will not be standing for re-election, but we expect to continue working with Leighton in an advisory role. Following the Meeting, the board of directors of the Company (the "Board") is expected to be comprised of five members.

Adam Ingrao, Chief Executive Officer of Alset AI, commented, "We sincerely thank Vikas and Leighton for their invaluable contributions to the Board. Their guidance and oversight were essential in helping us reposition the business for its next phase. As we look ahead, we are very excited to welcome Lisa and Vijay to the Board; two experienced leaders whose expertise and vision will be instrumental in guiding the Company through its next exciting chapter of innovation and growth."

New Director Nominee Biographies

Lisa Baird

Lisa Baird is the President and Chief Executive Officer of NextUp, the leading non-profit member association providing leadership development, resources, and programming for business executives Lisa currently serves on the board of Cantaloupe (NASDAQ: CTLP), a leading provider of technology for self-serve commerce. Her previous board service includes Fox Racing (acquired by Vista Outdoor), and GK Elite (owned by Riverside Company), the International Hall of Fame of Tennis, and the Women's Sports Foundation. Before her current role, Lisa held leadership positions at National Women's Soccer League), the United States Olympic and Paralympic Committee, the National Football League, IBM and General Motors. Lisa is a graduate of Schreyer Honors College at Pennsylvania State University and holds an MBA from the Smeal Business School.

Vijay Mony

Vijay Mony is the Founder and Managing Partner at Woodson Equity, bringing a wealth of strategic, financial, and operational experience from some of the most respected Private Equity firms in North America. Before founding Woodson Equity, Vijay held leadership roles at OpenGate Capital, Cerberus Capital Management, and built a strong foundation with earlier positions at Accenture, Alvarez & Marsal, and Ford Motor Company.

Mr. Mony holds a B.A. from Michigan State University and has a longstanding history of driving value creation across a range of industries.

Additional information regarding the director nominees and the matters to be considered at the Meeting is set out in the Circular, which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.alsetai.com.

About Alset AI Ventures Inc.

Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high- potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.

For further information about Alset AI Ventures Inc., please contact:

Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") regarding the Company, including statements regarding the results of the Meeting, the composition of the Company's Board and committees following the Meeting; Mr. Bocking's future contributions to the Company; and the strategic direction and business plans of the Company. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release.Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.

SOURCE: Alset AI Ventures Inc.