KNOREX Pursues Strategic Carve-Out of AscendX

ALLEN, Texas and SINGAPORE - September 28, 2026 - KNOREX Ltd. (NYSE American: KNRX), a leading provider of AI-driven cross-channel programmatic advertising solutions, announced that it is pursuing a strategic carve-out of AscendX Media Technologies Pte. Ltd., its wholly owned publisher monetization subsidiary. Under the proposed structure, AscendX would be independently capitalized with investment from external investors, while KNOREX expects to retain a minority equity interest.

Strategic Rationale and Benefits

The proposed transaction is designed to eliminate the need for KNOREX to fund AscendX's future growth while allowing KNOREX to concentrate its resources and management attention on its core platform, KNOREX XPO, alongside its KAIROS AI engine and Agentic AI initiatives. Meanwhile, external capital will support AscendX in expanding its publisher base and demand integrations.

AscendX has successfully transitioned from product development into commercial deployment since its formation in June 2025, supported by live deployments, global reach, and robust demand integrations.

Key Highlights

• Live Publisher Deployments: Deployed across 10 live publishers and over 70 app and game bundles, supporting more than 2.0 billion advertising impressions year-to-date in 2026.
• Global Demand Integrations: Supports major global advertising demand platforms including The Trade Desk, Meta Audience Network, Microsoft Monetize, OpenX, and Magnite.
• Growing Pipeline: Five additional leading publishers are in advanced commercial discussions for onboarding in the fourth quarter of 2026.
• External Investor Interest: Ongoing discussions with prospective external investors to fund the next stage of growth independently.

The transaction remains subject to negotiation, due diligence, definitive agreements, and necessary corporate and regulatory approvals, including review by the Audit Committee of KNOREX due to related-party involvement.