If you purchased or otherwise acquired Singularity Future Technology Ltd. (f/k/a Sino-Global Shipping America Ltd.) ("Singularity") Securities between February 2, 2021 and February 24, 2023, you may be eligible to participate in a proposed class action settlement.

A federal court authorized this website.

On September 10, 2026, the Honorable Brian M. Cogan of the United States District Court for the Eastern District of New York (the "Court") entered an order preliminarily approving a proposed settlement (the "Settlement") between the Lead Plaintiffs (defined below) and Singularity in a class action captioned Gao et al. v. Singularity Future Technology Ltd. et al., No. 1:22-cv-07499 (the "Action").

This is the second proposed settlement of the Action. The Court previously granted preliminary approval of a proposed settlement on July 30, 2025. Notice of that settlement and an opportunity to submit a Claim Form was sent to the Settlement Class. The deadline to submit a Claim Form was January 16, 2026. The Court, however, did not grant final approval of the earlier proposed settlement. The parties renewed their negotiations and reached agreement on the proposed Settlement described on this website. As explained in more detail below, if you are a member of the Settlement Class you may choose to request exclusion from the Settlement Class (by January 11, 2027) or submit an objection to the Settlement (by January 11, 2027). If you are a member of the Settlement Class and you submitted a valid, timely Claim Form, and you do not request from the Settlement Class, you will be eligible to receive your pro rata share of the Net Settlement Fund pursuant to Plan of Allocation (should the Court grant final approval of the Settlement).

The Settlement is for the benefit of investors who are members of the Settlement Class that the Court preliminarily certified for settlement purposes. The Settlement Class includes all persons or entities (referred to as "Class Members") who purchased or otherwise acquired Singularity securities between February 2, 2021 and February 24, 2023 (the "Class Period"). The Class excludes: (i) Defendants (defined below) and members of their immediate families; (ii) the officers and directors of Singularity, at all relevant times, and members of their immediate families; (iii) the legal representatives, heirs, successors, or assigns of any of the foregoing; (iv) any entity in which any Defendant has or had a controlling interest; (v) any trust of which any Individual Defendant is the settlor or that is for the benefit of any Individual Defendant and/or member(s) of his or her Immediate Family; and (vi) the legal representatives, heirs, successors, and assigns of any person or entity excluded under provisions (i) through (v) hereof.

The Court has appointed the following four Lead Plaintiffs to serve as representatives of the Settlement Class: Sen Gao, Congli Huo, Ruibin Wang, and Luxiao Xu (the "Class Representatives"). The defendants in the Action are Singularity, Yang Jie, Lei Cao, Zhikang Huang, Tuo Pan, Xiaohuan Huang, Jing Shan, Tieling Liu, Jing Wang, Lei Nie, and John Levy (collectively, the "Defendants").

The Court has appointed Berger Montague PC as Lead Counsel for the Lead Plaintiffs and the Settlement Class.

The Action alleges that Defendants mislead shareholders as to the benefits and value of various transactions, joint ventures, proposed business plans (e.g., the development of a sophisticated cryptocurrency mining computer technology), and other conduct relating to the planned transformation of Singularity from a global logistics company to a cryptocurrency mining and hardware development business. Lead Plaintiffs allege that Defendants' conduct constituted violations of the federal securities laws under the Securities Exchange Act of 1934.

Defendants deny all allegations of wrongdoing or liability for damages asserted by the Settlement Class. They also deny that Lead Plaintiffs or any Class Members have suffered damages or were harmed by the conduct alleged in the Action. Lead Plaintiffs and Defendants, therefore, disagree on whether any investors during the Class Period are entitled to any recovery at all, and on the monetary amount of any potential award of damages if investors prevailed at trial.

The Court has not decided which side is correct.

Under the terms of the Settlement, Singularity agrees to make three cash payments totaling $5,800,000.00. In addition to the cash payments, Singularity also agrees to pay the cost (of approximately $59,000.00) to send notice about the Settlement to the Settlement Class. As additional protection for the benefit of the Settlement Class, Singularity agrees that in the event the company breaches this Settlement Agreement (i.e., that it fails to make the payments described above), then Singularity shall consent to a Confession of Judgment for the outstanding amount to facilitate the process to secure any remaining funds owed under the Settlement Agreement.

The Court will hold a hearing (referred to as a “Fairness Hearing”) on January 25, 2027, at 1:00 p.m. ET, to decide whether to grant final approval of the Settlement. If the Court approves the Settlement, the Settlement will provide cash payments to Class Members who submit valid and timely Claim Forms by the previously noticed claim deadline of January 16, 2026. A Claim Form is a document the Court-appointed Claims Administrator will make available to Class Members that contains the information needed to determine what distribution amount each Class Member will receive as part of the proposed Plan of Allocation.(This is also referred to as submitting a “claim,” and each Class Member who submits a timely, valid claim is referred to as a “Claimant.”) The Plan of Allocation, if approved by the Court, describes how the funds from the Settlement will be distributed to Class Members. Each Class Member will need to fill out a Claim Form and return it to the Claims Administrator in order to receive any financial benefits from the Settlement. If you do not receive a Claim Form and believe you should have, you may contact the Claims Administrator. Information about the Settlement and how to participate in it, including how to submit a Claim Form, can be found in the Notice and on the Important Documents page of this website.

Under the Plan of Allocation, each Claimant will receive their pro rata share of the Net Settlement Fund based on each Claimant's recognized claim amount compared to the total recognized claims of all Claimants (i.e., each Claimant will receive their pro rata share of the value of all valid claims submitted by Claimants). The Net Settlement Fund refers to the money remaining in the Settlement Fund after deducting any fees, expenses or other deductions approved by the Court, plus any accrued interest. The initial determination of the value of any Claimant's claim will depend on the number and timing of Singularity securities purchased or acquired by the Claimant during the Class Period.

This website has important information, please read this website carefully. Your legal rights will be affected whether you act or do not act. For the full terms of the Settlement, you may review the Settlement Agreement.

SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

This chart provides summary information about your legal rights and options. The remainder of this website is designed to provide more information to help you evaluate your options and answer any questions that you may have. You may:

For additional information, including any updates relating to the Settlement or the Settlement approval process, visit this website or call toll-free 1-844-496-0761. You may also write to the Claims Administrator at Gao et al. v. Singularity Future Technology Ltd. et al., c/o Claims Administrator, PO Box 25191, Santa Ana, CA 92799, or email info@SingularitySecuritiesSettlement.com.

Please do not telephone the court or the court clerk’s office to inquire about the Settlement.