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Announcing the 2026 Class Action Settlement for Singularity Future Technology Ltd. Securities

On October 8, 2026, Simpluris, Inc., the designated settlement administrator, released an important notice regarding a class action settlement involving securities from Singularity Future Technology Ltd., formerly known as Sino-Global Shipping America Ltd. If you purchased or otherwise acquired these securities during the window from February 2, 2021, to February 24, 2023, you may be impacted by this amended settlement.

Understanding the Settlement Details

The proposed settlement, approved by the court on September 10, 2026, includes a substantial $5.8 million fund aimed at benefiting the affected investors within the Settlement Class. This revised settlement comes after a prior proposal that the court had previously declined to finalize. In light of ongoing negotiations, the court has now preliminarily approved the 2026 Settlement, which indicates a renewed effort towards compensating those who may have suffered financial damages during the specified period.

Allocation of the Funds

The funds gathered in the Settlement will be allocated for various purposes, including:

• - Payment of attorneys' fees and litigation expenses approved by the court.
• - Administrative costs associated with notifying and processing the settlement.
• - Any service awards sanctioned by the court.
• - Tax liabilities.

The remaining Net Settlement Fund will be distributed among eligible Class Members based on a court-approved Plan of Allocation.

Who Qualifies as Part of the Settlement?

The Settlement Class comprises all individuals and entities that acquired Singularity securities between the aforementioned dates and suffered damages as a result. However, it's crucial to note that certain individuals or entities linked to Singularity and the associated defendants are excluded from the settlement.

Your Rights and Options

Should you wish to remain in the Settlement Class, no further action is required from you. By maintaining your status, you agree to be bound by the particulars of the 2026 Settlement and any judgment rendered by the court.

Conversely, if you prefer to opt out of the settlement and do not wish to be legally obligated by its terms, you must submit an exclusion request by January 11, 2027. If you make this move, please be aware that you will forfeit your right to any financial compensation resulting from the settlement.

If you choose to stay within the Settlement Class but disagree with the terms of the 2026 Settlement, you have the right to object. To do so, you must file your objection by January 11, 2027. Complete instructions on how to proceed, whether to exclude yourself or to submit objections, as well as additional details about the settlement, can be found on the designated website.

Upcoming Court Hearing

A pivotal hearing regarding the 2026 Settlement is scheduled to take place on January 25, 2027, at 1:00 PM ET. This will be held at the United States District Court for the Eastern District of New York, located at Courtroom 10A South, 225 Cadman Plaza East, Brooklyn, NY 11201. Interested parties are welcome to attend the hearing, albeit at their own expense.

This notice serves as a concise summary of the settlement impact. For further, detailed information regarding the settlement processes and your rights, it is imperative that you visit Singularity Securities Settlement. The full documentation will ensure you are informed about the developments relating to your investment and associated rights in the class action.