Singularity receives SDNY and SEC subpoenas; special committee investigation ongoing

Singularity Future Technology Ltd.

Received subpoenas from US Attorney's Office for SDNY and SEC; cooperating fully.
Special committee investigating claims raised by Hindenburg Research on May 5, 2022.
Fact-finding phase of investigation expected to be completed by December 31, 2022.
No financial or operational impact disclosed at this time.

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