Company Board Appoints New CEO and Chairman
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 17 2026
0mins
The company announced that James Li has resigned from his positions as the company's CEO and Chairman of the Board for personal reasons. To ensure continuity in the implementation of the company's established strategy and the smooth transition of related major projects, Li will, during a transition period, remain with the company solely in his roles as President and Director, and will continue to support the company's strategic execution, advancement of major projects, and coordination of relevant resources. The Board stated that James Li has been a principal architect and key leader in stabilizing the company, redefining its strategic direction, and advancing its broader transformation in recent years. Following careful review and election by the Board, the Board has resolved to: elect Li Shanglong, or "Michael Li," as the company's new Chairman; and appoint Shao Weizhi, or "Eric Shao," as the company's new CEO. The company stated that these Board and management changes are intended to further strengthen the company's organizational capabilities, resource integration capabilities, and capital markets communication capabilities as it enters the next phase of its strategic transformation.
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About AIFA
All In FutureTech Alliance Inc., formerly Allied Gaming & Entertainment Inc., is an artificial intelligence (AI)-focused digital infrastructure platform. The Company is pursuing opportunities in artificial intelligence infrastructure, silicon photonics-enabled compute, cross-border fiber-optical network transmission, digital infrastructure services, and technology-enabled growth initiatives. Through its proposed AIFA strategic platform, the Company builds an integrated ecosystem combining AI compute capacity, fiber-optic network infrastructure, AI education and AI applications to support long-term value creation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FutureTech Alliance Strategic Integration Update
- Management Changes: Under the leadership of newly appointed Chairman Li Shanglong and CEO Eric Shao, the company plans to initiate specific business acquisition arrangements to integrate the Aivolution Venture fund and Co-Intelligence Academy's training business, aiming to enhance its AI education and application ecosystem.
- Significant Investment Returns: The Aivolution Venture fund achieved an impressive 600% investment return over the past year, and its integration is expected to further enhance the company's capabilities in AI application M&A, industry trend analysis, and resource integration, thereby strengthening market competitiveness.
- Education Platform Integration: Co-Intelligence Academy will serve as a systematic AI education platform focusing on cognitive upgrading and practical skill execution for adult learners, which is anticipated to help the company rapidly establish a more execution-oriented product foundation and expand its business boundaries within the AI application sector.
- Strengthened Strategic Execution: Following the integration, the company expects to significantly enhance its revenue base and cash flow while accelerating commercialization in AI education and related content ecosystems, providing clearer execution pathways to support future financing and brand enhancement.
See More
FutureTech Alliance Restructures Management Team
- Management Changes: FutureTech Alliance announced the resignation of CEO and Chairman James Li for personal reasons; however, he will remain as President and Director during the transition to ensure continuity in strategic execution and major project advancement.
- New Leadership: The Board elected Li Shanglong as the new Chairman and appointed Shao Weizhi as the new CEO, with Li bringing over $100 million in asset management experience in AI and frontier technologies, expected to drive the company's strategic transformation.
- Clear Strategic Direction: The new management team will continue to advance the dual-engine strategy centered on an 'AI infrastructure network' and 'AI application services matrix,' focusing on silicon photonics computing, cross-border fiber-optic networks, and digital infrastructure to enhance market competitiveness.
- Resource Integration and Financing Plans: The company plans to launch a new round of financing under the new CEO's leadership, aiming to integrate broader AI industry resources and capital to support long-term development and the realization of strategic objectives.
See More
AIFA Responds to False Allegations from HyalRoute Management
- Transaction Clarification: AIFA reaffirms that its acquisition of a controlling interest in HyalRoute is based on legitimate shareholder agreements involving entities like Rainman Network, emphasizing that false allegations from management are inconsistent with facts and may mislead the market.
- Shareholder Rights Protection: AIFA specifies that the current transaction pertains solely to shareholder-level equity acquisition and does not involve changes to the board or management, aiming to protect existing shareholders' rights and prevent misleading statements from management from affecting market confidence.
- Progress and Support for Transaction: The company is collaborating with investment banks to advance subsequent tender offers, expecting support from over 70% of HyalRoute's shareholders, which will further solidify its market position and facilitate the smooth progression of the transaction.
- Legal Recourse Statement: AIFA reserves the right to pursue legal action against the dissemination of false information, emphasizing that all disclosures should be based on the company's formal announcements and reminding investors to carefully assess information sources to protect their investment interests.
See More
AIFA Accelerates Digital Industrial Park Project Advancement
- Strategic Update: AIFA has announced the acceleration of the Hainan AIFA Silicon Photonics Supercomputing Center project planning and financing, aiming to enhance global market competitiveness through a dual-engine strategy powered by optical technologies for AI infrastructure and application services.
- Government Support: AIFA's discussions with senior executives from the Lingshui government focused on project implementation pathways and policy support, with Hainan Free Trade Port's tax incentives and cross-border data pilot programs expected to help reduce construction and operating costs.
- Acquisition Progress: AIFA is advancing its acquisition of a controlling interest in HyalRoute, whose pan-ASEAN fiber-optic network and cross-border transmission capabilities will complement the Hainan project, enhancing the company's differentiated positioning within the global digital infrastructure value chain.
- Board Reorganization: To better support the company's strategic transformation, AIFA plans to optimize its management and board structure by introducing professionals closely aligned with the new strategic direction, thereby strengthening capabilities in AI applications and optical communications.
See More
AIFA Approves Reverse Stock Split Proposal
- Special Meeting Results: At the Special Meeting held on June 1, 2026, approximately 99% of shareholders voted in favor of the reverse stock split proposal, allowing the Board to determine the split ratio based on market conditions, which is expected to aid in regaining Nasdaq compliance.
- Reverse Stock Split Implementation: The Board approved a 1-for-6 reverse stock split, effective June 11, 2026, reducing the outstanding shares from approximately 38.3 million to 6.4 million, aimed at increasing the stock price to meet Nasdaq's minimum bid requirements.
- Management Commentary: CEO James Li stated that shareholder support provides the company with flexibility to address the Nasdaq compliance notice while advancing its strategic transformation and creating long-term value for shareholders.
- Next Steps: The company will continue to communicate with relevant regulators and will timely disclose the implementation progress of the reverse stock split and Nasdaq compliance status, ensuring transparency and maintaining investor confidence.
See More
FutureTech Alliance Strategic Integration Update
- Management Changes: Under the leadership of newly appointed Chairman Li Shanglong and CEO Eric Shao, the company plans to initiate specific business acquisition arrangements to integrate the Aivolution Venture fund and Co-Intelligence Academy's training business, aiming to enhance its AI education and application ecosystem.
- Significant Investment Returns: The Aivolution Venture fund achieved an impressive 600% investment return over the past year, and its integration is expected to further enhance the company's capabilities in AI application M&A, industry trend analysis, and resource integration, thereby strengthening market competitiveness.
- Education Platform Integration: Co-Intelligence Academy will serve as a systematic AI education platform focusing on cognitive upgrading and practical skill execution for adult learners, which is anticipated to help the company rapidly establish a more execution-oriented product foundation and expand its business boundaries within the AI application sector.
- Strengthened Strategic Execution: Following the integration, the company expects to significantly enhance its revenue base and cash flow while accelerating commercialization in AI education and related content ecosystems, providing clearer execution pathways to support future financing and brand enhancement.
See More
FutureTech Alliance Restructures Management Team
- Management Changes: FutureTech Alliance announced the resignation of CEO and Chairman James Li for personal reasons; however, he will remain as President and Director during the transition to ensure continuity in strategic execution and major project advancement.
- New Leadership: The Board elected Li Shanglong as the new Chairman and appointed Shao Weizhi as the new CEO, with Li bringing over $100 million in asset management experience in AI and frontier technologies, expected to drive the company's strategic transformation.
- Clear Strategic Direction: The new management team will continue to advance the dual-engine strategy centered on an 'AI infrastructure network' and 'AI application services matrix,' focusing on silicon photonics computing, cross-border fiber-optic networks, and digital infrastructure to enhance market competitiveness.
- Resource Integration and Financing Plans: The company plans to launch a new round of financing under the new CEO's leadership, aiming to integrate broader AI industry resources and capital to support long-term development and the realization of strategic objectives.
See More
AIFA Responds to False Allegations from HyalRoute Management
- Transaction Clarification: AIFA reaffirms that its acquisition of a controlling interest in HyalRoute is based on legitimate shareholder agreements involving entities like Rainman Network, emphasizing that false allegations from management are inconsistent with facts and may mislead the market.
- Shareholder Rights Protection: AIFA specifies that the current transaction pertains solely to shareholder-level equity acquisition and does not involve changes to the board or management, aiming to protect existing shareholders' rights and prevent misleading statements from management from affecting market confidence.
- Progress and Support for Transaction: The company is collaborating with investment banks to advance subsequent tender offers, expecting support from over 70% of HyalRoute's shareholders, which will further solidify its market position and facilitate the smooth progression of the transaction.
- Legal Recourse Statement: AIFA reserves the right to pursue legal action against the dissemination of false information, emphasizing that all disclosures should be based on the company's formal announcements and reminding investors to carefully assess information sources to protect their investment interests.
See More
AIFA Accelerates Digital Industrial Park Project Advancement
- Strategic Update: AIFA has announced the acceleration of the Hainan AIFA Silicon Photonics Supercomputing Center project planning and financing, aiming to enhance global market competitiveness through a dual-engine strategy powered by optical technologies for AI infrastructure and application services.
- Government Support: AIFA's discussions with senior executives from the Lingshui government focused on project implementation pathways and policy support, with Hainan Free Trade Port's tax incentives and cross-border data pilot programs expected to help reduce construction and operating costs.
- Acquisition Progress: AIFA is advancing its acquisition of a controlling interest in HyalRoute, whose pan-ASEAN fiber-optic network and cross-border transmission capabilities will complement the Hainan project, enhancing the company's differentiated positioning within the global digital infrastructure value chain.
- Board Reorganization: To better support the company's strategic transformation, AIFA plans to optimize its management and board structure by introducing professionals closely aligned with the new strategic direction, thereby strengthening capabilities in AI applications and optical communications.
See More
AIFA Approves Reverse Stock Split Proposal
- Special Meeting Results: At the Special Meeting held on June 1, 2026, approximately 99% of shareholders voted in favor of the reverse stock split proposal, allowing the Board to determine the split ratio based on market conditions, which is expected to aid in regaining Nasdaq compliance.
- Reverse Stock Split Implementation: The Board approved a 1-for-6 reverse stock split, effective June 11, 2026, reducing the outstanding shares from approximately 38.3 million to 6.4 million, aimed at increasing the stock price to meet Nasdaq's minimum bid requirements.
- Management Commentary: CEO James Li stated that shareholder support provides the company with flexibility to address the Nasdaq compliance notice while advancing its strategic transformation and creating long-term value for shareholders.
- Next Steps: The company will continue to communicate with relevant regulators and will timely disclose the implementation progress of the reverse stock split and Nasdaq compliance status, ensuring transparency and maintaining investor confidence.
See More
