AIFA commits to reimburse CEO for $5.9M settlement guaranty, proposes equity awards

Filed May 4, 2026 · Period ending May 2, 2026 · ~1 min read

Key Changes

• high

  Company immediately obligated to reimburse CEO Yangyang Li for any payments under his personal guaranty of a $5.9M attorneys' fee award plus interest to Knighted Pastures, LLC, with 8.75% annual interest on reimbursements.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  CEO to receive shares equal to 25% of estimated maximum guaranty exposure divided by $0.30/share, contingent on special committee approval, fairness opinion, and majority-of-minority stockholder vote.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  General Counsel Xiao Yundan to receive up to 3M shares (valued up to $900K) to address below-market compensation, vesting 30% immediately, 35% at six months, 35% at twelve months, subject to stockholder approval of plan amendment.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →