Allied Gaming & Entertainment Inc. has acknowledged awareness of a recent public disclosure by Ourgame International Holdings Limited regarding legal actions and investigations involving Frank Ng, a former CEO of Allied Gaming & Entertainment Inc. The company stated it will closely monitor developments and outcomes of any related investigations or proceedings. Allied Gaming & Entertainment Inc. also confirmed it will review any matters relevant to the period during which Mr. Ng served as CEO, including the construction and development of its esports arena in Las Vegas, following legal and governance standards. The company emphasized its commitment to corporate governance, transparency, and shareholder interests, and will provide further updates as appropriate.

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