NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

News Release Highlights:

• Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract.
• Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing ("HPC") server distribution business vertical alone.
• Nvidia's H100 GPU Servers are used in "Transformational AI Training", offering up to "7x higher performance for High Performance Computing applications."¹

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

New Name Reflects Continued Evolution as an AI-Driven Robotics Company with a Strong IP Position

Significant Momentum in Shift to Direct-to-Consumer Real Estate Focus;
Announced Share Repurchase Program Subsequent to Quarter End for up to $1 Million;
Announced Listing of Non-Core Asset in Chino Valley for $16 Million Subsequent to Year End

Achieves Double-Digit Core Business Premium Growth; Raises 2024 Guidance