Singularity Future settles with former CEO; independent probe finds no Red Notice or prosecution

Singularity Future Technology Ltd.

On July 3, 2023, Singularity entered a Settlement and Release Agreement with former CEO Yang Jie resolving all claims against the company.
Hebei Mei Dong Law Firm concluded Mr. Jie was never prosecuted and no Red Notice was issued in the PRC.
Former CEO resigned in August 2022 after Hindenburg Report alleged a $300M Ponzi scheme and a fugitive status.

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