Alset AI Announces Appointment of CFO

Rhea-AI Summary

Alset AI Ventures has appointed Jonathan Yan CPA, CA as its new Chief Financial Officer, effective November 1, 2024. The announcement was made on December 4, 2024, for the company which trades on multiple exchanges including TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange.

VANCOUVER, BC / ACCESSWIRE / December 4, 2024 / Alset AI Ventures Inc.(TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ)("Alset AI" or the "Company") is pleased to announce the appointment of Mr. Jonathan Yan CPA, CA as its new Chief Financial Officer, effective November 1, 2024.

About Jonathan Yan

Jonathan Yan, CPA, CA holds a Diploma in Accounting and a Bachelor of Science Degree from the University of British Columbia. Mr. Yan has 10 years of experience in audit and accounting for various private and publicly listed Canadian companies. Mr. Han was previously the Chief Financial Officer of Axcap Ventures Inc., Chief Financial Officer of Rua Gold Inc. (then known as First Uranium Resources Ltd.) from March 2023 to February 2024, Chief Financial Officer and a Director of Carmanah Minerals Corp. from December 2020 to January 2023, and Director of Ionic Brand Corp. between December 2020 and March 2022.

"We are delighted to welcome Jonathan to the Alset team," said Adam Ingrao, CEO of Alset AI. "His extensive experience and strategic financial insight will be instrumental in supporting our growth and enhancing our financial operations."

"I am thrilled to join Alset AI Ventures and support the Company's ambitious vision in the AI and technology sectors," said Mr. Yan. "I look forward to collaborating with the team to build on Alset's solid financial foundation, optimize our reporting and governance practices, and drive forward our strategic objectives."

Stock Options and Restricted Stock Units

The Company also announces that it has granted incentive stock options (the "Options") to certain officers of the Company for the purchase of up to 3,020,000 common shares in the capital of the Company (the "Shares") and 2,036,000 restricted stock units (the "RSUs") pursuant to the Company's omnibus incentive plan. 127,500 Options vest on the date of grant; and 127,500 every three months thereafter and are exercisable into Shares at an exercise price of $0.05 per Share for a three (3) year term, expiring on November 18, 2027. 166,667 Options vest four months from the date of grant and another 166,667 vest each month thereafter until all such Options have vested and are exercisable into Shares at an exercise price of $0.05 per Share for a two (2) year term, expiring on November 18, 2026. 1,018,000 RSUs shall vest 12 months from the date of grant, 339,333 RSUs shall vest 15 months from date of grant; 339,333 RSUs shall vest 18 months from the date of grant; and 339,334 RSUs shall vest 21 months from the date of grant. The Options and RSUs grants are subject to the approval of the TSX Venture Exchange (the "TSXV"). The Options, the RSUs and any Shares issued upon exercise thereof shall be subject to a hold period of four (4) months plus one (1) day from the date of grant.

On behalf of Alset AI Ventures Inc.

"Adam Ingrao"
Adam Ingrao
Chief Executive Officer

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:

Adam Ingrao, Chief Executive Officer
T: 778.223.8853
E: adam@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.

Disclaimer for Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, expectations regarding Mr. Yan's appointment as CFO, his anticipated contributions to the Company's financial foundation, reporting, and governance, and the Company's projected growth and strategic objectives in the AI and technology sectors. Forward-looking statements reflect management's current beliefs, assumptions, and expectations based on available information as of the date of this release. However, these statements are subject to risks and uncertainties that could cause actual results or events to differ materially from those anticipated, including, but not limited to, the Company's ability to achieve its growth strategy, market dynamics, regulatory changes, technological advancements, access to financing, economic conditions, and other factors detailed in the Company's filings on SEDAR+. While the Company believes the assumptions underlying these forward-looking statements are reasonable, there can be no assurance that anticipated results or developments will occur as projected or at all. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except as required by applicable law.

SOURCE: Alset AI Ventures Inc.

View the original press release on accesswire.com

FAQ

When did Jonathan Yan become CFO of Alset AI (ALSCF)?

Jonathan Yan became CFO of Alset AI (ALSCF) effective November 1, 2024.

What stock exchanges does Alset AI (ALSCF) trade on?

Alset AI trades on the TSX Venture Exchange (TSXV:GPUS), OTC Markets (ALSCF), and Frankfurt Stock Exchange (FSE:1R60).

What are Jonathan Yan's qualifications as CFO of Alset AI (ALSCF)?

Jonathan Yan holds CPA and CA designations as professional accounting credentials.