Allied Gaming & Entertainment (AGAE) Proxy Filing summary

Executive summary

• Filed a lawsuit against Knighted Pastures, Roy Choi, and associates for alleged violations of federal securities laws, seeking to enjoin them from misleading stockholders and acting as an undisclosed group in a board takeover attempt.

• Allegations include a year-long scheme to amass nearly 38% of shares without proper disclosure, using deceptive SEC filings to gain board control at the August 2025 Annual Meeting.

• The company claims these actions have disrupted business, damaged partnerships, and forced significant resource expenditure on legal defense.

• Forward-looking statements caution about risks and uncertainties related to the lawsuit and its potential outcomes.

Voting matters and shareholder proposals

• The upcoming 2024/2025 Annual Meeting will address board nominations, with a contested slate due to Knighted's attempt to replace the board.

• Stockholders are encouraged to read the definitive proxy statement and use the WHITE proxy card for voting.

Board of directors and corporate governance

• The current board includes President and Chairman Yangyang Li and non-employee directors Mao Sun, Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Yushi Guo, Yuanfei (Cliff) Qu, and Chi Zhao.

• The board is actively defending against a takeover attempt and emphasizes protecting shareholder interests.