Singularity Future settles class action for $5.8M; shareholders approve reverse split and 50B share increase

Singularity Future Technology Ltd.

Amended settlement agreement for $5.8M total; $2M in escrow, $1.5M due in 15 days, $2.3M in 60 days.
Settlement subject to court approval; if denied, company will continue defending class action.
Annual meeting re-elected directors Xu Zhao and Jinhao Pang; ratified Audit Alliance LLP as auditor.
Shareholders approved 2026 Incentive Plan and authorized board to implement reverse stock split (1:5, 1:10, or 1:14).
Authorized shares increased from 50M to 50B.

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