Publication Date: May 31, 2026
Declarant: (Cambodia) Fiber Optic Communication Network Co., Ltd. (abbreviated as "CFOCN")
I. Core Statement
（Cambodia） Fiber Optic Communication Network Co.,Ltd. (hereinafter referred to as "the Company") has noticed that All In FutureTech Alliance Inc. (Stock Code: AGAE/AIFA, formerly Allied Gaming & Entertainment Inc.), a company listed on the US Nasdaq, issued announcements through GlobeNewswire and the U.S. Securities and Exchange Commission (the "SEC") on May 22, 2026, and May 26, 2026. The announcements claimed that it had signed an agreement to acquire a 57.67% controlling interest in HyalRoute Communication Group Limited. The aforementioned announcements repeatedly mentioned the Company's operating assets, business agreements, and AAE-1 submarine cable-related businesses in Cambodia, which has seriously misled the Company's normal business operations and market reputation.

As an independent legal entity legally registered and operating in Cambodia, the Company hereby solemnly declares:

The Company is a wholly-owned subsidiary of HyalRoute Communication Group Limited. HyalRoute Group is the sole legal shareholder of the Company, and Mr. Huang Xinglong is the ultimate actual controller of the Company.

As of the date of this announcement, all businesses of the Company are operating normally. The Company has never received any due diligence requests or acquisition offers from any national government, potential investor, or relevant commercial institution.

The Company has never had any form of contact, negotiation, or signed any transaction documents with AGAE/AIFA, Rainman Network Ltd. (hereinafter referred to as "Rainman Company"), or any of their affiliates.

The Company has never authorized any third party to represent the Company in disposing of any of the Company's assets, equity, or business interests.

All contents involving the Company in the AGAE/AIFA announcements are false and misleading statements. The Company does not recognize them and will investigate the legal liability of the relevant parties in accordance with the law.

II. Clarification of Facts Regarding the Debt Relationship Between the Company and Cambodian Singmeng Telemedia Co., Ltd. ("Singmeng Company")
(I) The Debt Relationship Between the Company and Cambodian Singmeng Telemedia Co., Ltd. ("Singmeng Company")

The core foundation of this fraudulent acquisition by AGAE/AIFA is Rainman Company's claim that it holds "rights" under a Agreement of Debts Offset and Share Transfer signed on January 6, 2025. However, the so-called "debt" on which this agreement is based is precisely a fabricated creditor-debtor relationship related to the Company, which was concocted by Huang Shuying and the Singmeng Company under his control.

Based on the Company's financial records, business contracts, and relevant documents from the judicial authorities of Cambodia, the true situation regarding this debt relationship is clarified as follows:

•	Singmeng Company is a debtor of the Company, not a creditor. As of December 31, 2019, Singmeng Company had cumulatively defaulted on various payments to the Company—including fiber optic procurement fees, leasing fees, maintenance fees, FTTH Service fees, E-room fees, and electricity fees—totaling 7,277,990.00 USD.
•	Singmeng Company and its actual controllers, Mr. Huang Shuying and Mr. Huang Hua, committed multiple serious legal violations during their operations in Cambodia. These include long-term tax evasion of 8.11 million USD to the General Department of Taxation (GDT) of Cambodia, defaulting on utility pole leasing fees and electricity bills to Electricite du Cambodge (EDC), defaulting on employee salaries, and misappropriating large amounts of customer prepayments for services, which have constituted commercial fraud.
•	Relevant Regulatory and Judicial Facts:
o	On September 10, 2020, the Telecommunication Regulator of Cambodia (TRC) revoked Singmeng Company's VoIP operation license.
o	On January 19, 2021, the TRC ordered Singmeng Company to clear its outstanding debts owed to the Company.
o	On February 12, 2021, the TRC officially approved the Company's cessation of providing fiber optic network services to Singmeng Company.
o	On November 4, 2021, The Prosecution at Phnom Penh Court of First Instance, in coordination with relevant departments, conducted a surprise raid on Singmeng Company, confiscating its illegally constructed fiber optic cables and sealing its core equipment rooms.
o	On May 2, 2022, Electricite du Cambodge (EDC) announced the termination of its cooperation contract with Singmeng Company.
o	On May 9, 2022, the TRC officially revoked Singmeng Company's ISP operation license.
(II) The Personal Debt Relationship Between Mr. Huang Xinglong and Mr. Huang Shuying
According to the information known to the Company, Mr. Huang Shuying still owes Mr. Huang Xinglong personal funds of approximately 32.72 million USD. This creditor-debtor relationship is a personal dispute between natural persons and has no legal correlation whatsoever with the Company or HyalRoute Group. The Company is not fully aware of the specific litigation progress of this personal dispute, nor does it assume any related legal liability.
Any claim attempting to link the aforementioned personal debt with the equity or assets of the Company or HyalRoute Group is entirely without factual and legal basis.
III. Legal Characterization Regarding Rainman Company's Forgery of Documents and False Claims
In 2025, the Company learned that Rainman Network Ltd. (whose actual controller is Huang Shuying) carried out a series of illegal acts in Yangon, Myanmar, to usurp controlling power and seize assets against MFOCN (Myanmar Fiber Optic Communication Network Co.,Ltd.), a subsidiary of HyalRoute Communication Group Limited. Upon verification, individuals including Huang Shuying and Rainman Network Ltd., by forging contracts, shareholder resolutions, equity transfer agreements, and other documents, intended to illegally seize the management rights and assets of MFOCN.
The forged documents obtained by the Company include, but are not limited to:
•	Forged equity transfer agreements (involving the controlling stake of MFOCN);
•	Forged board resolutions and shareholder meeting minutes;
•	Forged powers of attorney and signed/sealed documents;
•	Other false legal documents aimed at defrauding the Myanmar government and judicial authorities.

The aforementioned acts are suspected of constituting severe criminal offenses such as forgery of official documents, commercial fraud, and organized crime. The Company has officially reported the case regarding the aforementioned false documents and illegal acts to the Prosecution at Phnom Penh Court of First Instance of Cambodia. Currently, the Prosecution at Phnom Penh Court of First Instance has accepted and filed the case for investigation in accordance with the law. The Company will fully cooperate with the judicial authorities to pursue the criminal liabilities of Huang Shuying, Huang Hua, Rainman Network Ltd., and other related participants, entities, and individuals.

False rights have no legal effect: The " Agreement of Debts Offset and Share Transfer " upon which Rainman Company bases its claims was forged based on a fabricated creditor-debtor relationship, and as such, it holds no legal validity. Any act by a third party (including AGAE/AIFA) to purchase these so-called "rights" from Rainman Company shall have no binding legal effect on the Company or HyalRoute Group.

AGAE/AIFA failed to fulfill its due diligence obligations and shall bear corresponding legal liabilities: According to the Form 8-K filed by AGAE/AIFA with the U.S. Securities and Exchange Commission (the "SEC"), the target of this transaction is not the direct equity of HyalRoute Group, but rather the so-called "rights" claimed by Rainman Company. As a publicly traded company listed on Nasdaq, AGAE/AIFA should have performed comprehensive and prudent due diligence before entering into a major transaction involving billions of dollars to verify the authenticity, legality, and enforceability of the transaction target. However, the underlying creditor-debtor relationship relied upon by Rainman Company for these "rights" is subject to major disputes. Furthermore, the facts regarding the related forged documents and fabricated debts have already entered judicial proceedings across multiple jurisdictions, making them publicly searchable information. Under these circumstances, AGAE/AIFA insisted on issuing announcements containing material false and misleading information, and its actions have constituted an infringement on the legitimate rights and interests of the Company and HyalRoute Communication Group Limited.

IV. The Company's Legal Position and Subsequent Actions
The Company solemnly declares that the so-called Agreement of Debts Offset and Share Transfer and its alleged transaction background are entirely fabricated and forged. The relevant documents fabricated a non-existent original debtor-creditor relationship, falsely claiming that the Company and Mr. Huang Xinglong owed huge debts, and based on this, structured layer-by-layer arrangements for alleged debt assumption, assignment of claims, confirmation of default, equity pledge, and transfer of control. In fact, the Company and Mr. Huang Xinglong have never owed any sums to Singmeng Company, Rainman Company, or any related parties, nor have they ever participated in, signed, authorized, or approved any of the aforementioned transactions.

The Company resolutely denies any rights claimed based on fabricated debts or forged documents. Any attempt to acquire the assets, equity, or control of the Company or HyalRoute Group by purchasing such invalid rights is illegal, null, and void.

The Company will continue to fully cooperate with the investigation and trial work of the judicial authorities of Cambodia, provide all relevant evidence, and pursue the criminal liabilities of Huang Shuying, Rainman Company, and other related parties.

The Company reserves the right to file civil lawsuits against AGAE/AIFA and its directors and management team, demanding compensation for all economic losses and damage to business reputation caused to the Company by the release of false announcements.

The Company has verified with HyalRoute Communication Group Limited and its actual controller, Mr. Huang Xinglong, that both the Group and Mr. Huang Xinglong were completely unaware of the contents of the relevant announcements by AGAE/AIFA. HyalRoute Group is currently issuing public clarifications to mainstream international media and has retained US lawyers to submit formal complaints to agencies such as the U.S. Securities and Exchange Commission (the "SEC")  and the Federal Bureau of Investigation (FBI) to pursue the criminal liabilities of the relevant parties. The Company will continue to maintain close communication with HyalRoute Group and support HyalRoute Group in taking all necessary legal measures to safeguard its legitimate rights and interests.

V. Reminders to Customers, Partners, and Investors
At present, all business operations of the Company are normal, and network coverage, service quality, and customer relationships have not been affected in any way.

Any material information involving the Company shall be subject to the official releases of the Company and the public information issued by relevant government departments in Cambodia.

All customers, partners, and investors of the Company are kindly requested not to believe the false information released by AGAE/AIFA, so as to avoid suffering unnecessary losses.

VI. Conclusion
As one of the largest fiber optic communication infrastructure operators in Cambodia, the Company has always been committed to providing high-quality and stable communication fiber optic services for the Cambodian people. No fraudulent acts based on fabricated debts or forged documents can shake the Company's legal operational status, nor can they alter the Company's equity structure and controlling power.

The Company firmly believes that under the fair law enforcement of the Royal Government of Cambodia and judicial authorities, all illegal and criminal acts will ultimately be severely punished by law. The Company will firmly safeguard its legitimate rights and interests, and make its due contributions to the development of Cambodia's digital economy.

This Statement shall serve as information for the general public.

(Cambodia) Fiber Optic Communication Network Co., Ltd.

May 31, 2026