UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported):
| (Exact name of Registrant as specified in its charter) |
| (State or other jurisdiction of incorporation) |
(Commission File No.) | (IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
(
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Chief Executive Officer and Chairman of the Board
On June 17, 2026, Li Yangyang, Chief Executive Officer and President of All In FutureTech Alliance, Inc. (the “Company”), and Chairman of the Company’s Board of Directors (the “Board”) and a Class A director, submitted a resignation letter to the Company and the Board, stepping down as the Company’s Chief Executive Officer and Chairman of the Board, effective June 17, 2026 (the “Effective Date”). Mr. Li Yangyang will continue to serve as the Company’s President and a Class A director. Mr. Li Yangyang’s resignation as the Company’s Chief Executive Officer and Chairman of the Board was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
Appointment of Chief Executive Officer
On June 17, 2026, in connection with Mr. Li Yangyang’s resignation as the Company’s Chief Executive Officer, the Board appointed Mr. Weizhi (Eric) Shao to serve as Chief Executive Officer of the Company, effective as of the Effective Date.
Mr. Shao (age 40) has served as Founder and Chief Executive Officer of Beauty Diary, a medical aesthetics livestreaming e-commerce company based in China, since 2020. Prior to that, from 2015 to 2019, he was Co-founder, Executive Director, and Chief Operating Officer of Beijing QingPu Tourism Culture Development Co., Ltd., where he was responsible for operations and participated in financing and strategic transactions. From 2012 to 2014, Mr. Shao served as Executive Assistant to the Chairman at Grade Investment LLC (United States), where his responsibility included investment research, business analysis, and due diligence. Since 2012, Mr. Shao has been a co-founder of North America Student Network, a student services platform for international students in the United States. Mr. Shao holds a B.S. in Civil Engineering from New York University (2009), and a M.S. in Civil Engineering and Engineering Mechanics from Columbia University (2011). He also pursued a Ph.D. program in Environmental Engineering from Columbia University (2011–2015, not completed).
Mr. Shao does not have an interest in any related person transactions requiring disclosure under Item 404(a) of Regulation S-K. There are no family relationships between Mr. Shao and any of the Company’s directors or other executive officers. There are no arrangements or understandings between Mr. Shao and any other persons or entities pursuant to which he has been appointed the Company’s Chief Executive Officer.
The Company is currently negotiating with Mr. Shao regarding the terms of his compensation as Chief Executive Officer. The compensation package is expected to be submitted to the shareholders’ meeting for approval. The material terms will be disclosed in an amendment to this Current Report on Form 8-K or in a subsequent periodic report promptly after such terms are determined.
Appointment of Independent Director
On June 17, 2026, the Board appointed Mr. Li Shanglong to serve as director of the Company, effective as of the Effective Date. In connection with such appointment, Mr. Li Shanglong was appointed as Chairman of the Board.
The Board is classified into three classes (Class A, Class B and Class C). Mr. Li Shanglong was appointed as a Class A director, and will serve for a term expiring at the Company’s 2026 annual meeting of stockholders.
The Board has determined that Mr. Li Shanglong is independent pursuant to the rules and regulations of the U.S. Securities and Exchange Commission and under the Nasdaq listing standards.
1
Mr. Li Shanglong (age 36) has served as a founding partner of Aivolution Venture, an investment firm focused on artificial intelligence and frontier technologies, including AI infrastructure, applications, semiconductors, robotics, and enterprise software, since 2024. From 2014 to 2020, he co-founded Caogong Network Technology (Kaochong), an online education company in China, where he directed key operational initiatives including brand development, curriculum design, content operations, and user growth. Mr. Li Shanglong attended the PLA Armored Force Engineering College from 2008 to 2011, completed independent undergraduate coursework, and pursued MBA at Cheung Kong Graduate School of Business. In 2023, he attended a machine learning-related program at the University of Toronto, which he did not complete.
Mr. Li Shanglong does not have an interest in any related person transactions requiring disclosure under Item 404(a) of Regulation S-K. There are no family relationships between Mr. Li Shanglong and any of the Company’s other directors or executive officers. There are no arrangements or understandings between Mr. Li Shanglong and any other persons or entities pursuant to which he has been appointed to the Board.
Mr. Li Shanglong will not serve on any committee of the Board. Mr. Li Shanglong will receive compensation of US$1 per annum for his service as a director and as Chairman of the Board.
Item 7.01 Regulation FD Disclosure.
On June 17, 2026, the Company issued a press release announcing the foregoing changes. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release, dated June 17, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ALL IN FUTURETECH ALLIANCE, INC. | ||
| By: | /s/ Roy Anderson | |
| Roy Anderson | ||
| Chief Financial Officer | ||
Date: June 22, 2026
3
Exhibit 99.1
All In FutureTech Alliance Inc. Announces the Election of Prominent AI Technology Investor and Influential Content Creator Li Shanglong as New Chairman, Along With Certain Management Changes
New York, NY — June 17, 2026 — All In FutureTech Alliance Inc. (Nasdaq: AIFA) (the “Company” or “AIFA”) today announced that it has completed a new round of adjustments to its core Board composition and management team in order to further align with the Company’s strategic transformation toward a future technology platform driven by two core engines: an “AI infrastructure network” and an “AI application services matrix.”
I. James Li Resigns as CEO and Chairman for Personal Reasons
The Company announced that James Li has resigned from his positions as the Company’s Chief Executive Officer (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, Mr. 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. Under his leadership, the Company transitioned from a traditional experiential entertainment business toward a future technology platform and established a dual-engine growth strategy centered on an “AI infrastructure network” and an “AI application services matrix.” Mr. Li played an instrumental role in the Company’s strategic planning and the advancement of major initiatives. The Board expressed its sincere appreciation for Mr. Li’s leadership and his substantial contributions to the Company’s strategic transformation.
II. Board Elects Li Shanglong (Michael Li) as New Chairman and Appoints Shao Weizhi (Eric Shao) as New Chief Executive Officer
Following careful review and election by the Board, the Board has resolved to:
| ● | elect Mr. Li Shanglong (Michael Li) as the Company’s new Chairman; and |
| ● | appoint Mr. Shao Weizhi (Eric Shao) as the Company’s new Chief Executive Officer (CEO). |
About Mr. Li Shanglong (Michael Li)
Mr. Li Shanglong is currently based in Silicon Valley and serves as the Founding Partner of Aivolution Venture, with a long-standing focus on artificial intelligence, frontier technology, and capital markets investment. His areas of focus include AI infrastructure, AI applications, semiconductors, robotics, enterprise services, and content technology. He participates in the management and allocation of AI-related assets with an aggregate scale exceeding US$100 million, and has also participated in fund investment exposure relating to leading frontier technology companies including Nvidia, SanDisk, Lumentum, Anthropic, SpaceX, and xAI. From 2025 to 2026, the scale of the funds in which he participated in management and allocation increased by 600%. Mr. Li has long tracked structural changes across the artificial intelligence value chain, including compute, models, data, connectivity, applications, and content ecosystems, and is skilled at identifying AI industry opportunities through the lenses of technology trends, capital cycles, and business narrative.
In addition to his entrepreneurial and investment background, Mr. Li is also a globally influential bestselling author, content creator, and AI educator. He has published more than ten books, with cumulative sales exceeding 10 million copies, and has built an audience of more than 16 million followers across Chinese-language internet platforms, with cumulative content reach exceeding 1 billion views. The Board believes that Mr. Li’s combined strengths in AI investment and financing, technology trend analysis, cross-border resource integration, capital markets narrative building, public communication, and brand influence will help the Company further strengthen its AI strategic messaging, investor communications, global resource integration, and capital markets positioning.
Mr. Li previously co-founded Kaochong, an online education platform in China, where he was deeply involved in brand building, curriculum design, content product development, user growth, and marketing communications, helping the company grow into a widely recognized online education brand. Kaochong later completed a US$55 million Series D financing round at a valuation of approximately US$400 million.
About Mr. Shao Weizhi (Eric Shao)
Mr. Eric Shao is widely recognized for his influence in emerging digital asset sectors, including Web 3.0, real-world assets (RWA), cryptocurrency, and blockchain technologies, where he has established a notable profile in market communication and industry engagement.
Mr. Shao brings entrepreneurial, investment, and operating management experience spanning both China and the United States. His educational background includes a B.S. in Civil Engineering from New York University, an M.S. in Civil Engineering and Engineering Mechanics from Columbia University, and doctoral studies in Environmental Engineering at Columbia University. He is also a member of YPO (Young Presidents’ Organization).
Mr. Shao previously served as the Founder and Chief Executive Officer of Beauty Diary, a medical aesthetics livestreaming e-commerce MCN enterprise. Beauty Diary achieved approximately RMB 2.0 billion in GMV in 2021, managed more than 500 medical aesthetics influencer accounts, and received the “Top 10 Industrial Internet Investment Cases” award from ChinaVenture. Prior to that, Mr. Shao served as Co-Founder, Executive Director, and Chief Operating Officer (COO) of Beijing QingPu Tourism Culture Development Co., Ltd., where he led multiple financing rounds totaling approximately RMB 500 million and helped drive a high-return exit in connection with the Huajiantang boutique hotel brand project.
In addition, Mr. Shao is also a co-founder of the North America Student Network, a student services platform in the United States, and has extensive experience in investment, due diligence, post-investment management, organizational development, financing, mergers and acquisitions, and cross-cultural operations.
The Board believes that Mr. Shao brings strong execution capabilities in entrepreneurial management, business expansion, financing and M&A, organizational operations, cross-border resource coordination, and new-economy market development, which will help further strengthen the Company’s execution and implementation capabilities in the next phase of its strategic development.
III. The Newly Reconstituted Board and Management Team Will Continue Advancing the Company’s Established Strategic Direction
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. The newly reconstituted Board and management team will continue to advance the Company’s established dual-engine strategy centered on an AI infrastructure network powered by optical technologies and an AI application services matrix.
The Board believes that the Company will continue to focus on the following strategic priorities:
| ● | AI Infrastructure Network: including silicon photonics-enabled compute, cross-border fiber-optic network transmission, submarine cable connectivity, digital infrastructure, and related platform capability development; |
| ● | AI Application Services Matrix: including AI education, AI entertainment, AI content/IP operations, and other vertical application scenarios; |
| ● | Strategic M&A and Resource Integration: continuing the screening, evaluation, and advancement of projects and partnerships related to AI infrastructure and AI applications in line with the Company’s strategic direction; and |
| ● | Capital Markets and Global Resource Connectivity: introducing broader industrial, technological, capital, and global Chinese-language market resources to further support the Company’s long-term development. |
2
The Company also stated that the new Board and management team are expected to bring broader AI industry resources, capital resources, and global collaborative resources to the Company. In light of the Company’s strategic development needs, the Company will continue to advance further Board reorganization, adjustments to management responsibilities, and implementation of key projects, and will make disclosures as appropriate based on progress.
The Company will also launch a new round of financing plans and related project implementation efforts, which will be led by the new Chief Executive Officer under the supervision and support of the Board. Further details are expected to be announced in the near future.
About All In FutureTech Alliance
All In FutureTech Alliance Inc. (Nasdaq: AIFA), formerly known as Allied Gaming & Entertainment Inc, is a growth-oriented company undergoing a strategic transformation from a global experiential entertainment business into an 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, AIFA aims to build an integrated ecosystem combining AI compute capacity, fiber-optic network infrastructure, AI education and AI applications to support long-term value creation.
Forward-Looking Statements
This press release includes forward-looking statements within the safe harbor provisions provided under federal securities laws, including under the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; the outcome of the Nasdaq hearings; market conditions; regulatory changes; operational challenges; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on May 22, 2026, and in subsequent filings with the SEC. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from the Company’s expectations in any forward-looking statement. Readers are cautioned not to place undue reliance upon any forward-looking statements, including but not limited to the Company’s expectation with respect to the effect of the Reverse Stock Split. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Contact:
Investor Relations: [email protected]
3