AIFA Appoints Li Shanglong as New Chairman, Names Shao Weizhi as CEO

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

All In FutureTech Alliance announced management changes on June 17, 2026: James Li resigned as CEO and Chairman but will stay as President and Director during a transition period. The Board elected Li Shanglong (Michael Li), an AI investor and content creator, as new Chairman, and appointed Shao Weizhi (Eric Shao), an entrepreneur with experience in digital assets and e-commerce, as new CEO.

All In FutureTech Alliance Inc. (AIFA) said it completed a reorganization of its board and management team on June 17, 2026, aimed at strengthening the company as it pursues its strategic focus on artificial intelligence infrastructure and AI applications.

James Li Steps Down from CEO and Chairman

James Li resigned from his roles as Chief Executive Officer and Chairman for personal reasons, according to the filing. During a transition period, he will remain with the company as President and Director to help ensure continuity and support ongoing projects and strategy. The Board credited Li with being instrumental in transforming the company from a traditional entertainment business into a technology-focused platform and establishing its dual-engine growth strategy centered on AI infrastructure and AI applications.

New Leadership Appointed

The Board elected Li Shanglong (Michael Li) as the new Chairman and appointed Shao Weizhi (Eric Shao) as the new Chief Executive Officer.

Li Shanglong is based in Silicon Valley and is the Founding Partner of Aivolution Venture, focused on AI, frontier technology, and capital markets investment. According to the filing, he manages and allocates AI-related assets exceeding US$100 million and has participated in fund investments in companies including Nvidia, SanDisk, Lumentum, Anthropic, SpaceX, and xAI. The filing states that between 2025 and 2026, the scale of funds he participated in managing increased by 600%. Li is also a bestselling author and content creator with more than 10 million followers across Chinese-language internet platforms and cumulative content reach exceeding 1 billion views. He previously co-founded Kaochong, an online education platform in China that raised US$55 million in a Series D round at a roughly US$400 million valuation.

Shao Weizhi is recognized for his work in digital assets, blockchain, and Web 3.0 sectors. He holds degrees in Civil Engineering from New York University and Columbia University, with doctoral studies in Environmental Engineering from Columbia University, and is a member of the Young Presidents' Organization. Shao previously founded Beauty Diary, a livestreaming e-commerce business focused on medical aesthetics that achieved approximately RMB 2.0 billion in gross merchandise value in 2021. He also co-founded and led Beijing QingPu Tourism Culture Development Co., Ltd., managing multiple financing rounds totaling roughly RMB 500 million.

Continued Strategic Direction

The company said the new Board and management team will continue advancing its established strategy focused on two areas: an AI infrastructure network (including silicon photonics-enabled compute and cross-border fiber-optic transmission) and an AI application services matrix (including AI education, entertainment, and content operations). The company also plans to pursue strategic M&A and resource integration aligned with these priorities and expects to launch new financing plans in the near future.

Key facts

James Li resigned as CEO and Chairman for personal reasons on June 17, 2026

James Li remains as President and Director during transition period

Li Shanglong (Michael Li) elected as new Chairman

Shao Weizhi (Eric Shao) appointed as new Chief Executive Officer

Li Shanglong is Founding Partner of Aivolution Venture managing/allocating over US$100 million in AI assets

Li Shanglong has 16+ million followers on Chinese-language internet platforms with 1+ billion content views

Li Shanglong previously co-founded Kaochong, which raised US$55 million Series D at ~US$400 million valuation

Shao Weizhi founded Beauty Diary achieving RMB 2.0 billion GMV in 2021

Shao Weizhi co-founded Beijing QingPu Tourism Culture Development with RMB 500 million in financing rounds

Company pursuing AI infrastructure network and AI application services matrix strategy

New financing plans expected to be announced in near future

Filing date: June 23, 2026

Why it matters

This leadership change marks a significant shift in AIFA's strategic execution. James Li, credited with pivoting the company from entertainment toward AI infrastructure, is stepping back operationally while remaining involved, suggesting either succession planning or a shift in leadership style. The appointments of Li Shanglong—who brings direct AI venture capital experience, a massive Chinese-language following, and a track record scaling tech platforms—and Shao Weizhi—who has built high-revenue digital commerce and financed scaling businesses—signal the company's intent to leverage broader capital networks, investor relations, and cross-border resource integration as it pursues a capital-intensive AI infrastructure and application strategy. The filing explicitly notes the new team will oversee upcoming financing rounds and M&A, making execution and capital-raising capability material to near-term shareholder value.

Frequently asked

Why did James Li resign as CEO and Chairman?

The filing states he resigned for personal reasons. He remains with the company as President and Director during a transition period to help support ongoing strategy and major projects.

Who is the new Chairman and CEO?

Li Shanglong (Michael Li) was elected as new Chairman, and Shao Weizhi (Eric Shao) was appointed as new CEO. Both appointments were made by the Board on June 17, 2026.

What is Li Shanglong's background?

Li Shanglong is based in Silicon Valley, serves as Founding Partner of Aivolution Venture managing AI assets exceeding US$100 million, and has invested in companies including Nvidia, SpaceX, and Anthropic. He is also a bestselling author with 16+ million followers on Chinese-language internet platforms and previously co-founded Kaochong, an online education platform.

What is the company's strategic focus going forward?

The company will continue pursuing two core engines: an AI infrastructure network (including silicon photonics and fiber-optic transmission) and an AI application services matrix (including AI education and entertainment). The new leadership is expected to oversee upcoming financing rounds and M&A aligned with this strategy.

What the filing reported

5.02 Departure/Election of Directors or Officers

7.01 Regulation FD Disclosure

9.01 Financial Statements & Exhibits