Singularity Future Technology Announces Update Related to Special Committee Investigation

Fantastic NECK, N.Y., Nov. 16, 2022 /PRNewswire/ — Singularity Future Technological know-how Ltd. (“Singularity” or the “Company”) (Nasdaq: SGLY) announced an update with respect to the Firm’s company and other matters.

The Enterprise has been given subpoenas from the United States Attorney’s Business for the Southern District of New York and the United States Securities and Trade Fee.  The Organization is complying with these subpoenas and fully cooperating with these governmental entities. In addition, the specific Committee of the Company’s Board of Directors is continuing to look into the promises raised by Hindenburg Research on Might 5, 2022 and other similar issues.

The exclusive committee anticipates that the actuality-locating portion of investigation will be finished on or prior to December 31, 2022.

About Singularity Long run Know-how Ltd. (Nasdaq: SGLY)

On January 3, 2022, the Corporation changed its name from Sino-World Shipping The united states, Ltd. to Singularity Future Know-how Ltd. (Nasdaq: SGLY). Singularity is a logistics built-in resolution service provider, principally focused on delivering logistics, assets, equipment and other logistical help to blockchain and crypto mining companies. Considering the fact that 2020, the Business has labored to capitalize on its knowledge in international logistics management to establish a existence in the blockchain source administration location. At existing, Singularity distributes, sells and marketplaces crypto mining devices by way of its Thor Miner joint undertaking and maintains a warehouse giving stock handle and administration products and services in Houston, TX.

Ahead-Seeking Statements

Specific statements created herein that are not dependent on historic truth are “ahead-on the lookout statements” within just the meaning of the Non-public Securities Litigation Reform Act of 1995 and the provisions of Portion 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended (which Sections were being adopted as part of the Private Securities Litigation Reform Act of 1995). Although the Company’s management has centered any forward-hunting statements contained herein on its existing expectations, the information on which such anticipations had been based may perhaps modify. These forward-searching statements rely on a number of assumptions about long term functions and are topic to a amount of pitfalls, uncertainties, and other aspects, many of which are exterior of the Company’s control, that could cause actual results to materially differ from this kind of statements. Accordingly, traders ought to not spot any reliance on forward-seeking statements as a prediction of genuine effects. The Firm disclaims any intention to, and undertake no obligation to, update or revise any ahead-wanting assertion.

(PRNewsfoto/Singularity Long term Technologies Ltd.)

 

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Source Singularity Upcoming Engineering Ltd.

Marcy Willis

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