Sec Form 13G Filing - Elite Fun Entertainment Ltd filing for Allied Gaming & Entertainment Inc. (AGAE) - 2024-07-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
 
ALLIED GAMING & ENTERTAINMENT INC.
(Name of Issuer)
 
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
 
01917019
(CUSIP Number)
 
July 3, 2024
(Date of Event which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐  Rule 13d-1(b)
☐  Rule 13d-1(c)
☒  Rule 13d-1(d)
 
 
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

1.
 
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Elite Fun Entertainment Limited
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    
(b)    
3.
 
SEC USE ONLY
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
5.
 
SOLE VOTING POWER
 
0
 
6.
 
SHARED VOTING POWER
 
0
 
7.
 
SOLE DISPOSITIVE POWER
 
0
 
8.
 
SHARED DISPOSITIVE POWER
 
0
     
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10.
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.00%
12.
 
TYPE OF REPORTING PERSON (see instructions)
 
OO
 
           


1.
 
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Elite Fun Entertainment Limited (Macau)
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    
(b)    
3.
 
SEC USE ONLY
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Macau Special Administrative Region of the People’s Republic of China
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
5.
 
SOLE VOTING POWER
 
0
 
6.
 
SHARED VOTING POWER
 
0
 
7.
 
SOLE DISPOSITIVE POWER
 
0
 
8.
 
SHARED DISPOSITIVE POWER
 
0
     
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10.
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.00%
12.
 
TYPE OF REPORTING PERSON (see instructions)
 
OO
             


1.
 
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Macao Cheong Meng Investment C., Ltd.
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    
(b)    
3.
 
SEC USE ONLY
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Macau Special Administrative Region of the People’s Republic of China
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
5.
 
SOLE VOTING POWER
 
0
 
6.
 
SHARED VOTING POWER
 
0
 
7.
 
SOLE DISPOSITIVE POWER
 
0
 
8.
 
SHARED DISPOSITIVE POWER
 
0
     
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10.
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.00%
12.
 
TYPE OF REPORTING PERSON (see instructions)
 
OO
             


1.
 
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Hoi Vai Kei
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    
(b)    
3.
 
SEC USE ONLY
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Macau Special Administrative Region of the People’s Republic of China
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
5.
 
SOLE VOTING POWER
 
0
 
6.
 
SHARED VOTING POWER
 
0
 
7.
 
SOLE DISPOSITIVE POWER
 
0
 
8.
 
SHARED DISPOSITIVE POWER
 
0
     
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10.
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.00%
12.
 
TYPE OF REPORTING PERSON (see instructions)
 
IN
             


1.
 
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Ho Kim Fong
2.
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    
(b)    
3.
 
SEC USE ONLY
 
4.
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Macau Special Administrative Region of the People’s Republic of China
         
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
5.
 
SOLE VOTING POWER
 
0
 
6.
 
SHARED VOTING POWER
 
0
 
7.
 
SOLE DISPOSITIVE POWER
 
0
 
8.
 
SHARED DISPOSITIVE POWER
 
0
     
9.
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10.
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    
 
11.
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.00%
12.
 
TYPE OF REPORTING PERSON (see instructions)
 
IN
             


Item 1.
 
 
(a)
Name of Issuer
 
 
 
Allied Gaming & Entertainment Inc. (the “Issuer”).
 
 
(b)
Address of Issuer’s Principal Executive Offices
 
 
 
745 Fifth Avenue, Suite 500, New York, NY 10151
 
Item 2.
 
 
(a)
Name of Person Filing

Elite Fun Entertainment Limited, a limited company organized in the British Virgin Islands (“Elite Fun”), is the record holder of the Issuer’s Common Stock.

Elite Fun is a wholly owned subsidiary of Elite Fun Entertainment Limited (“EFEL”), a limited company organized in the Macau Special Administrative Region of the People’s Republic of China (“Macau”).

EFEL is the wholly owned subsidiary of Macao Cheong Meng Investment C., Ltd. (“Cheong Meng Investment”), a limited company organized in Macau.

Hoi Vai Kei and Ho Kim Fong are the sole shareholders of Cheong Meng Investment.

Each of the persons identified herein is referred to as a “Reporting Person” and, collectively, as the “Reporting Persons.”
 
   
 
(b)
Address of the Principal Office or, if none, residence
 
The principal office of Elite Fun is Sertus Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands.
 
The principal office of EFEL is Underground G, Jingxiu Garden, 32C to 32D,Gomez Street, Macau.
 
The principal office of Cheong Meng Investment and place of residence for Hoi Vai Kei and Ho Kim Fong is Underground F, Jingxiu Garden, 32C to 32D,Gomez Street, Macau.
 
   
 
(c)
Citizenship
 
The citizenship of Elite Fun is the British Virgin Islands.
 
The citizenship of each of EFEL, Cheong Meng Investment, Hoi Vai Kei and Ho Kim Fong is Macau.
 
   
 
(d)
Title of Class of Securities
 
Common Stock, par value $0.0001 per share
 
   
 
(e)
CUSIP Number
 
 
 
01917019
 
Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
     
 
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
     
 
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
     
 
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
     
 
(e)
An investment adviser in accordance w ith §240.13d-1(b)(1)(ii)(E);
 
     
 
(f)
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
     
 
(g)
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
     
 
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
     
 
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
     
 
(j)
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
     
 
Item 4.  Ownership.
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
For each of Elite Fun; EFEL; and Cheong Meng Investment:
 
 
(a)
 
Amount beneficially owned:  0
 
       
 
(b)
 
Percent of class:  0.00%
 
       
 
(c)
 
Number of shares as to which the person has:  0
 
       
 
 
 
(i)
Sole power to vote or to direct the vote. 0
 
       
 
 
 
(ii)
Shared power to vote or to direct the vote.  0
 
       
 
 
 
(iii)
Sole power to dispose or to direct the disposition of.  0
 
       
 
 
 
(iv)
Shared power to dispose or to direct the disposition of.  0
 
       
 
For each of Hoi Vai Kei and Ho Kim Fong:
 
 
(a)
 
Amount beneficially owned:  0
 
       
 
(b)
 
Percent of class:  0.00%
 
       
 
(c)
 
Number of shares as to which the person has:  0
 
       
 
 
 
(i)
Sole power to vote or to direct the vote. 0
 
       
 
 
 
(ii)
Shared power to vote or to direct the vote.  0
 
       
 
 
 
(iii)
Sole power to dispose or to direct the disposition of.  0
 
       
 
 
 
(iv)
Shared power to dispose or to direct the disposition of.  0
 
       
 
Item 5.  Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following     ☒ .
 
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
 
 Not applicable.
 
Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
 Not applicable.
 
Item 8.  Identification and Classification of Members of the Group.
 
 Not applicable.
 
Item 9.  Notice of Dissolution of Group.
 
 Not applicable.
 
Item 10.  Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
Elite Fun Entertainment Limited

 
By:
 
/s/ Xiaocao Ning
 
Name:
 
Xiaocao Ning
 
Title:
 
Director
       
 
Elite Fun Entertainment Limited (Macau)

 
By:
 
/s/ Dai Bing
 
Name:
 
Dai Bing
 
Title:
 
General Manager
       
 
Macao Cheong Meng Investment C., Ltd.

 
By:
 
/s/ Dai Bing
 
Name:
 
Dai Bing
 
Title:
 
Director
       
 
Individually, for Hoi Vai Kei

 
By:
 
/s/ Dai Bing
 
Name:
 
Dai Bing
 
Title:
 
Authorized Signature
       
 
Individually, for Ho Kim Fong

 
By:
 
/s/ Dai Bing
 
Name:
 
Dai Bing
 
Title:
 
Authorized Signature