AESE - Allied Esports Entertainment names president Yinghua Chen as CEO

• Allied Esports Entertainment ( NASDAQ: AESE ) said Thursday it appointed Yinghua Chen as CEO .
• Chen previously served as AESE's president, chief investment officer and board secretary.
• Chen will no longer serve as chief investment officer or board secretary, but will continue to serve as president.
• The new CEO succeeds Lyle Berman, who served as co-chairman and interim CEO since Feb.
• Berman will continue to serve as co-chairman and has been named VP of mergers & acquisitions.
• AESE reviewed potential target investment opportunities over the past several months, and due diligence - as well as the continued sourcing of other opportunities - is ongoing.
• The firm is also exploring strategic options for its esports business.

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