AGGI to acquire BILI INC

Allied Energy, Inc. Announces Equity Exchange Agreement with BILI Inc.

Florida, United States, October 16, 2024 – Allied Energy, Inc. (OTC: AGGI), an investment holding company, is pleased to announce that it has entered into an Equity Exchange Agreement with BILI Inc., a Canadian corporation specializing Social media commerce, marketing and content.

Under the terms of the agreement, Allied Energy, Inc., will acquire up to 100% of the issued and outstanding shares of BILI Inc. This strategic transaction will be executed through a stock-for-stock exchange, whereby shareholders of BILI Inc. will receive shares of Allied Energy's shares in exchange for their shares in BILI Inc.

Strategic Benefits

• Expansion into Social Media Commerce and Content: The acquisition of BILI Inc. allows Allied Energy to diversify its investment portfolio by entering the rapidly growing +$1,3 trillion social commerce sector.
• Synergies with Existing Investments: BILI Inc.'s innovative platform, influencer community, strengths in sport and pro athletes and AI integrations complements Allied Energy's strategic objectives, offering potential synergies with existing investments and opening new avenues for growth.

About BILI Inc.

BILI Inc, (Because I Love It): BecauseILoveIt.com is a leading social commerce platform that makes the connection between brands and social media creators more efficient and more effective. Through ‘BILI Base’ the company connects brands with creators enabling them to promote personalized online stores and maximize their earning potential by leveraging their social media presence. Through ‘BILI Boost’, the platform also facilitates dynamic collaborations between creators and brands, allowing influencers to craft unique branded content and earn compensation for their creativity. BILI’s innovative approach ensures that creators can turn their passion into profit, while brands benefit from authentic, impactful partnerships. BILIBILI

Executive Commentary

"We are thrilled to announce this agreement with BILI Inc.," said Ms. Chiching Hung, Chief Executive Officer of Allied Energy, Inc. "This acquisition aligns with our strategic vision to diversify and strengthen our investment portfolio. BILI's innovative platform and dynamic team will be invaluable as we venture into the digital media landscape."

Mr. Adrian Capobianco, Chief Executive Officer of BILI Inc., added, "Joining forces with Allied Energy marks an exciting new chapter for BILI. Their support and resources will accelerate our growth plans and enhance our ability to connect more businesses with talented influencers and content creators worldwide."

Closing Conditions

The completion of the transaction is subject to customary closing conditions, including regulatory approvals and necessary consents. Both companies anticipate a seamless integration process post-closing, aiming to finalize the transaction promptly.

About Allied Energy, Inc.

Allied Energy, Inc. (OTC: AGGI) is an investment holding company headquartered in Hong Kong. Focused on identifying and nurturing high-potential businesses across various sectors, Allied Energy aims to create long-term value for its shareholders through strategic acquisitions and partnerships.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and projections about future events and are not guarantees of future performance. Actual results may differ materially from those expressed or implied due to various factors, including but not limited to, the successful completion of the transaction, integration challenges, market conditions, and regulatory approvals. Allied Energy, Inc. undertakes no obligation to update or revise any forward-looking statements.

Contact Information

Allied Energy, Inc.
Rooms 3229-3231, 32/F Sun Hung Kai Centre
30 Harbour Road, Wanchai, Hong Kong
Attention: Investor Relations

Disclaimer: The above announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.