Allied Gaming & Entertainment Urges Stockholders to Take Caution Against Misleading and Factually Incorrect Statements Issued by Knighted Pastures Regarding ISS Report

Allied Gaming & Entertainment Urges Stockholders to Take Caution Against Misleading and Factually Incorrect Statements Issued by Knighted Pastures Regarding ISS Report

ISS Recommends Withhold Votes on Five of Six Board Candidates Proposed by Knighted Pastures

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company”, “AGAE” or “Allied”), a world experiential leisure firm, introduced as we speak {that a} main unbiased proxy advisory agency, Institutional Shareholder Services Inc. (“ISS”), has really helpful withhold votes on 5 of the six director candidates that Knighted Pastures, LLC (“Knighted” or the “dissident”) has proposed at AGAE’s upcoming mixed 2024/2025 Annual Meeting on August 4, 2025. The Company additionally urges stockholders to take warning towards counting on statements made by Knighted in its press launch on the ISS suggestion.

Of explicit be aware, Knighted’s declare that ISS really helpful stockholders to vote for the election of Knighted’s Class B director candidates to the Company’s Board of Directors is factually incorrect. In reality, ISS really helpful that stockholders vote for only one of Knighted’s candidates, Roy Choi. Allied has beforehand provided Roy Choi a Board seat in an try to settle the proxy contest and associated litigation however Mr. Choi has refused this supply.

In addition, ISS really helpful stockholders vote towards Knighted’s proposal to take away Mr. Yangyang Li, AGAE’s Chairman of the Board, CEO and President, from the Company’s Board of Directors. ISS additionally really helpful stockholders help AGAE’s candidate Roy Anderson.

Additional findings from the ISS report that AGAE stockholders ought to think about embrace:(1)

• “The dissident has presented a case for only limited change.”

• “[S]upport for class B dissident nominee Choi is warranted. Shareholders should withhold votes from all other dissident nominees…”

• “Over all periods of measurement through the unaffected date, AGAE’s TSR outperformed the median of its peers…”

• “TSR over the one-year period is positive…”

• “[T]he company’s cash balances remain healthy…”

The Allied Gaming Board of Directors has been and stays dedicated to performing in the most effective pursuits of all stockholders and unanimously recommends that stockholders vote “FOR” all six of AGAE’s director nominees standing for election – Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Mao Sun, Roy Anderson, Yushi Guo and Chi Zhao – on the WHITE proxy card as we speak.

PROTECT YOUR INVESTMENT IN ALLIED GAMING. REJECT ROY CHOI AND HIS NOMINEES BY VOTING THE WHITE PROXY CARD TODAY “FOR” ALL SIX OF ALLIED GAMING’S NOMINEES, AND “WITHHOLD” ON THE THREE KNIGHTED NOMINEES

WE URGE YOU NOT TO SIGN OR RETURN ANY PROXY CARD OR VOTING INSTRUCTION FORM THAT MAY BE SENT TO YOU BY KNIGHTED.

If you may have any questions or want help in voting your WHITE proxy card, we encourage you to name our proxy advisers, MacKenzie Partners, Inc., Toll-Free at (800) 322-2885 or (212) 929-5500 or by electronic mail at [email protected]

Advisors

Paul Hastings LLP is serving as authorized counsel, MacKenzie Partners, Inc. is serving as proxy solicitor and ADDO IR is serving as strategic communications advisor to AGAE.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a world experiential leisure firm centered on offering a rising world of players and concertgoers with distinctive experiences by means of famend belongings, services. For extra info, go to alliedgaming.gg.

Forward Looking Statements

This press launch comprises sure forward-looking statements beneath federal securities legal guidelines. Forward-looking statements might embrace our statements concerning our objectives, beliefs, methods, aims, plans, together with product and repair developments, future monetary situations, outcomes or projections or present expectations. In some instances, you possibly can determine forward-looking statements by terminology corresponding to “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “intend” or “continue,” the unfavourable of such phrases, or different comparable terminology. Specific forward-looking statements embrace, however aren’t restricted to, statements concerning our capacity to execute on strategic and enterprise plans and drive stockholder worth, our projections on Allied Gaming’s future monetary efficiency and expense construction and our beliefs on the influence of Knighted director nominations and different actions of Knighted on the efficiency of the Company. These statements are topic to recognized and unknown dangers, uncertainties, assumptions and different components, a lot of that are outdoors our management, which will trigger precise outcomes to be materially totally different from these contemplated by the forward-looking statements. The inclusion of such info shouldn’t be considered a illustration by us, or any individual, that the aims of Allied Gaming will likely be achieved. Important components, amongst others, which will have an effect on precise outcomes or outcomes embrace: dangers related to our technique, future path or governance; the substantial uncertainties inherent within the acceptance of current and future services; dangers related to our capacity to retain key personnel; dangers associated to our frequent inventory and the itemizing of our frequent inventory on the Nasdaq Capital Market; dangers related to mental property; uncertainty round present and potential litigation and associated authorized bills; and normal financial, political and market situations and occasions. You ought to think about the areas of danger described in reference to any forward-looking statements which may be made herein and different danger components mentioned occasionally in our filings with the U.S. Securities and Exchange Commission (the “SEC”), together with these components mentioned beneath the caption “Risk Factors” in our most up-to-date annual report on Form 10-Ok, filed with the SEC on June 9, 2025, in addition to subsequent experiences filed with the SEC. Readers are additionally urged to rigorously overview and think about the assorted disclosures we made in such Annual Report on Form 10-Ok and in subsequent experiences with the SEC. We assume no obligation and don’t intend to replace these forward-looking statements, besides as required by legislation, to mirror occasions or circumstances occurring after as we speak’s date.

Investor Contact:

Addo Investor Relations

[email protected]

Bob Marese

MacKenzie Partners, Inc.

1-800-322-2885

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