ALLIED ESPORTS ENTERTAINMENT, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.




Management Changes

On September 6, 2022, the Board of Directors of Allied Esports Entertainment,
Inc. (the “Company”) appointed Yinghua Chen as Chief Executive Officer. Ms. Chen had previously served as the Company’s President, Chief Investment Officer and
Board Secretary. Given Ms. Chen’s additional responsibilities, Ms. Chen will no
longer serve the Company as Chief Investment Officer or Board Secretary, and
will continue to serve as President. Ms. Chen assumes the position of Chief
Executive Officer from Lyle Berman, who has served as Co-Chairman of the Board
and Interim Chief Executive Officer since February 2022. Mr. Berman retains his
position as Co-Chairman of the Board, and has been appointed as Vice President,
Mergers & Acquisition, where he will be more focused on the Company’s
acquisition activities.

Yinghua Chen has served as a director of the Company since 2020. Ms. Chen has
served as the Company’s President since February 2022, and served as the
Company’s Chief Investment Officer from November 2021 until September 6, 2022,
and as Board Secretary from February 2022 until September 6, 2022. Ms. Chen is a
Co-Founder of Aupera Technologies, a leading video AI technology company, where
she is responsible for corporate financing, business development, and strategic
partnership. She has successfully raised multiple rounds of funding for Aupera,
including from Silicon Valley giant Xilinx (Nasdaq: XLNX). Prior to this, she
served as the Executive Vice President of Anthill Resources, a natural resources
investment company in Canada,
where she oversaw business operations and investment activities. Ms. Chen is
also the former Managing Director of China for The Cavendish Group, a UK B2B
media and public relations company. In that role, Ms. Chen built up subscriber
networks for over ten vertical industry media products and managed the Group’s
strategic relationship with the Boao Forum for Asia. Ms. Chen was also part of
the founding team of The Balloch Group, a boutique investment banking firm,
later acquired by Canaccord Genuity, where she specialized in financial,
pharmaceutical, resources and media industry transactions. Ms. Chen holds an
EMBA from the University of Paris I: Panthéon-Sorbonne and a Bachelor of Arts
degree from the University of International Business and Economics.

Compensation

In connection with the appointments identified above, the Board of Directors
updated the annual salary compensation of Ms. Chen and Mr. Berman to $300,000
and $150,000, respectively, taking into account the scope of the services to be
provided by each person.

A press release announcing the foregoing matters is attached hereto as Exhibit
99.1.

Item 9.01. Financial Statement and Exhibits.

  (d) Exhibits




Exhibit No.   Description
99.1            Company Press Release dated September 8, 2022
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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