New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Market cap is less than US$10m (US$2.83m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (US$1.3m revenue). Announcement • Jun 10
Singularity Future Technology Ltd., Annual General Meeting, Jun 30, 2026 Singularity Future Technology Ltd., Annual General Meeting, Jun 30, 2026, at 11:00 China Standard Time. Location: room 1406, 14/f, star hse, 3 salisbury rd, tsim sha tsui, kowloon, Hong Kong Announcement • May 21
Singularity Future Technology Ltd Receives an Additional 180-Day Compliance Period, or Until November 16, 2026 to Regain Compliance with the Minimum Bid Price Requirement As previously disclosed, on November 19, 2025, Singularity Future Technology Ltd. (the Company) received a staff determination notice (the Notice) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq), informing the Company that its common stock, no par value (the Common Stock), fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) for the 30 consecutive business days prior to the date of the Notice. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with an initial compliance period of 180 calendar days, or until May 18, 2026, to regain compliance with the minimum bid price requirement. On May 19, 2026, the Company was granted an additional 180-day compliance period, or until November 16, 2026 (the Compliance Date), to regain compliance with the minimum bid price requirement, based on the Company's compliance with all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement, and the fact the Company provided written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to the Compliance Date. If the Company does not regain compliance by the Compliance Date, Nasdaq will provide written notification that the Company's securities are subject to delisting. At that time, the Company would have the right to appeal the determination to a Nasdaq Hearings Panel. The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.