FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Lu Jingsheng
2. Issuer Name and Ticker or Trading Symbol

Allied Esports Entertainment, Inc. [ AESE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

FLOOR 3, BUILDING NO 20, XINYUANLI WEST, CHAOYANG DISTRICT
3. Date of Earliest Transaction (MM/DD/YYYY)

5/6/2021
(Street)

BEHING, F4 00000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock         0 D  
Common Stock         11986523 I Held by Primo Vital Limited (1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (right to buy) $2.48 5/6/2021  A   40000     (2)5/6/2031 Common Stock 40000 $0 40000 D  

Explanation of Responses:
(1) Primo Vital Limited ("Primo") is a wholly owned subsidiary of Ourgame International Holdings, Ltd. The Reporting Person is the CEO of Ourgame International Holdings, Ltd. The Reporting Person may exercise voting and dispositive power over the shares beneficially owned by Primo, and disclaims any beneficial ownership in such shares except to the extent of his pecuniary interest.
(2) 10,000 shares vest on each of 5/6/2022, 5/6/2023, 5/6/2024 and 5/6/2025.

Remarks:
Exhibit 24.1 Power of Attorney filed with Form 3 on May 7, 2021 and incorporated herein by reference.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Lu Jingsheng
FLOOR 3, BUILDING NO 20, XINYUANLI WEST
CHAOYANG DISTRICT
BEHING, F4 00000
XX


Signatures
/s/ David J. Polgreen, as attorney-in-fact5/7/2021
**Signature of Reporting PersonDate

Allied Esports Entertain... (NASDAQ:AESE)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Allied Esports Entertain... Charts.
Allied Esports Entertain... (NASDAQ:AESE)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Allied Esports Entertain... Charts.