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Alset AI Announces Leadership Transition and New Director Appointments

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Alset AI Ventures has announced significant changes in its leadership and audit committee. Effective September 20, 2024, Morgan Good has resigned as CEO and Director, and Jeremy Hanson has resigned as Director. Zelong (Roger) He has been appointed as Interim CEO, and Jack Huang has joined as an independent Director. Mr. Huang will also chair the restructured audit committee, which now includes He and Leighton Bocking. The company has granted 4,250,000 stock options to directors and consultants, each exercisable at $0.06 per share, vesting immediately and expiring in three years.

Alset AI Ventures ha annunciato significative modifiche nella sua leadership e nel comitato di audit. A partire dal 20 settembre 2024, Morgan Good si è dimesso da CEO e direttore, e Jeremy Hanson si è dimesso da direttore. Zelong (Roger) He è stato nominato CEO ad interim, e Jack Huang è entrato come direttore indipendente. Il signor Huang presiederà anche il comitato di audit ristrutturato, che ora include He e Leighton Bocking. L'azienda ha concesso 4.250.000 opzioni su azioni a direttori e consulenti, ognuna esercitabile a $0,06 per azione, con immediato diritto di vesting e scadenza tra tre anni.

Alset AI Ventures ha anunciado cambios significativos en su liderazgo y en el comité de auditoría. A partir del 20 de septiembre de 2024, Morgan Good ha renunciado como CEO y Director, y Jeremy Hanson ha renunciado como Director. Zelong (Roger) He ha sido nombrado CEO interino, y Jack Huang se ha unido como Director independiente. El Sr. Huang también presidirá el comité de auditoría reestructurado, que ahora incluye a He y Leighton Bocking. La empresa ha otorgado 4,250,000 opciones sobre acciones a directores y consultores, cada una ejercitable a $0.06 por acción, con adjudicación inmediata y vencimiento en tres años.

Alset AI Ventures는 리더십 및 감사 위원회에 중요한 변화를 발표했습니다. 2024년 9월 20일부터 Morgan Good는 CEO 및 이사직을 사임하고, Jeremy Hanson도 이사직을 사임했습니다. Zelong (Roger) He는 임시 CEO로 임명되었으며, Jack Huang은 독립 이사로 합류했습니다. Huang 씨는 또한 재구성된 감사 위원회의 의장을 맡으며, 이 위원회에는 He와 Leighton Bocking이 포함됩니다. 회사는 이사와 컨설턴트에게 4,250,000 주식 옵션을 부여했으며, 각 옵션은 주당 $0.06에 행사할 수 있고 즉시 행사 가능하며 3년 후에 만료됩니다.

Alset AI Ventures a annoncé des changements significatifs dans sa direction et son comité d'audit. À compter du 20 septembre 2024, Morgan Good a démissionné en tant que PDG et directeur, et Jeremy Hanson a démissionné en tant que directeur. Zelong (Roger) He a été nommé PDG par intérim, et Jack Huang a rejoint en tant que directeur indépendant. M. Huang présidera également le comité d'audit restructuré, qui comprend désormais He et Leighton Bocking. La société a accordé 4 250 000 options d'achat d'actions à des directeurs et consultants, chaque option pouvant être exercée à 0,06 $ par action, avec un droit d'exercice immédiat et une expiration dans trois ans.

Alset AI Ventures hat bedeutende Änderungen in seiner Führung und im Prüfungsausschuss angekündigt. Ab dem 20. September 2024 hat Morgan Good als CEO und Direktor resigniert, und Jeremy Hanson hat als Direktor resigniert. Zelong (Roger) He wurde als Interims-CEO ernannt, und Jack Huang ist als unabhängiger Direktor hinzugekommen. Herr Huang wird auch den umstrukturierten Prüfungsausschuss leiten, der nun He und Leighton Bocking umfasst. Das Unternehmen hat 4.250.000 Aktienoptionen an Direktoren und Berater gewährt, die jeweils zu einem Preis von 0,06 $ pro Aktie ausgeübt werden können, mit sofortiger Zulassung und einem Ablaufdatum von drei Jahren.

Positive
  • Appointment of Zelong (Roger) He as Interim CEO ensures leadership continuity.
  • Jack Huang's expertise in business consulting and mergers may benefit the company.
  • Restructured audit committee with experienced members could improve financial oversight.
  • Grant of 4,250,000 stock options at $0.06 per share may incentivize performance.
Negative
  • Resignation of CEO Morgan Good and Director Jeremy Hanson may cause uncertainty.

VANCOUVER, BC / ACCESSWIRE / September 23, 2024 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ)("Alset AI" or the "Company") announces changes to its directors and officers, audit committee, and the grant of stock options.

Alset AI Management Changes

Effective September 20, 2024, Mr. Morgan Good has resigned from his positions as Chief Executive Officer (CEO) and Director of the Company. Additionally, Mr. Jeremy Hanson has resigned from his role as Director.

The Company is pleased to announce the appointment of Mr. Zelong (Roger) He as Interim CEO and Mr. Jack Huang as an independent Director, ensuring a smooth leadership transition.

Mr. Huang is a co-founder of Katalyst Chartered Professional Accountants. He specializes in business consulting, merger and acquisition, and reorganization and restructuring of businesses. He is experienced in working with both private and young public companies, guiding them through early system setup and cashflow management, and planning corporate structure for tax efficiency. Graduating from the University of British Columbia in 2008 and completing his Masters degree with the University of Washington in 2010, Mr. Huang received his Chartered Professional Accountant (CPA) designation and has completed the CPA In-Depth Tax Program.

The Company extends its gratitude to both Mr. Good and Mr. Hanson for their contributions and wishes them success in their future endeavors.

Mr. He stated: "I am honored to step into the role of Interim CEO at Alset AI during this pivotal time for the company," said Zelong (Roger) He, Interim CEO. "With our ongoing focus on innovation and growth in the AI sector, I am confident we can build upon the strong foundation already in place. I look forward to working closely with our team to advance our strategic initiatives and create value for our shareholders."

Alset AI Audit Committee Changes

The Company has also restructured its audit committee. Mr. Hanson has resigned from the audit committee, and the vacancy has been filled by Mr. Huang, who will also serve as the Chair of the audit committee. The current members of the audit committee are Mr. Huang, Mr. He, and Mr. Leighton Bocking.

Stock Option Grant

The Company further announces the grant of 4,250,000 stock options to certain directors and consultants of the Company. Each option is exercisable into one common share of the Company at a price of $0.06 per Share. The options will vest immediately and will expire three (3) years from the date of grant.

On behalf of Alset AI Ventures Inc.

"Zelong (Roger) He"

Zelong Roger He

Interim Chief Executive Officer

About Alset AI Ventures Inc.

Alset AI Ventures Inc. is an investment issuer that is focused on investments in the technology industry, including but not limited to artificial intelligence. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

Alset AI Ventures Inc.'s investment portfolio is currently comprised of 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

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

Zelong (Roger) He, Interim CEO and Director
T: 778.223.8853
E: roger@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.

SOURCE: Alset AI Ventures Inc.



View the original press release on accesswire.com

FAQ

What leadership changes did Alset AI announce on September 23, 2024?

Alset AI announced the resignation of CEO Morgan Good and Director Jeremy Hanson. Zelong (Roger) He has been appointed as Interim CEO, and Jack Huang has joined as an independent Director.

Who is the new Interim CEO of Alset AI?

Zelong (Roger) He has been appointed as the new Interim CEO of Alset AI.

What roles will Jack Huang assume at Alset AI?

Jack Huang will serve as an independent Director and Chair of the audit committee at Alset AI.

How many stock options did Alset AI grant, and at what price?

Alset AI granted 4,250,000 stock options to directors and consultants, exercisable at $0.06 per share.

When will the newly granted stock options at Alset AI expire?

The newly granted stock options at Alset AI will expire three years from the date of grant.

ALSET AI VENTURES INC

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