Allied Gaming & Entertainment announced a CEO transition. Yinghua Chen, current CEO, will transition to serve the company in a senior strategic capacity. Chen will remain as the CEO of the company’s wholly owned subsidiary, Allied Esports International. The board of directors has appointed its current President and Chairman of the Board, Yangyang Li, as CEO. James Li will continue to serve as President, as well as Chairman of the Board, and no changes will be made to his current compensation package. The transition is effective immediately.
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