On August 9, 2022, Mr. Yang Jie tendered his resignation from his positions as the Chief Executive Officer (“CEO”) and director of Singularity Future Technology Ltd. (the “Company”) to the board of directors of the Company (the “Board”), following the Board’s decision on August 8, 2022, which adopted the Special Committee’s recommendation that Mr. Jie be suspended immediately as the Company’s CEO, pending the Special Committee’s further investigation into allegations raised in the report of Hindenburg Research dated May 5, 2022 and other related matters.
