The Board of Directors of Alset International Limited announced that: Robot AI Trade Pte. Ltd. ("Robot AI Trade") was incorporated in Singapore on 4 September 2023 with an issued and paid-up share capital of SGD 2.00 comprising 2 ordinary shares. Robot AI Trade is principally in the business of securities trading and investment management.

Robot AI Trade is a wholly-owned subsidiary of the Company. The incorporation of Robot AI Trade was funded through internal resources and is not expected to have a material impact on the net tangible assets per share and the earnings per share of the Company for the financial year ending 31 December 2023. None of the directors and/or the substantial shareholders of the Company have any interest, direct or indirect, in the incorporation of Robot AI Trade, other than through their respective shareholdings in the Company, if any.