Singularity board chair Lei Cao resigns, forfeits 600k shares amid investigations

Singularity Future Technology Ltd.

Lei Cao resigns as director and employee effective Jan 9, 2023; board chair role ends.
Cao forfeits 600,000 shares granted Aug 2021; company to issue amended W-2 reflecting $2.14M additional income.
Mutual release of claims; company pays Cao's legal fees and future cooperation costs.
Cao agrees to cooperate with Special Committee investigation into Hindenburg report and subpoenas from USAO, SEC, FINRA.
Multiple shareholder lawsuits (Crivellaro, Hexin, St. Hudson, Jinhe) are part of ongoing proceedings.

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