On September 21, 2023, Mr. Heng Wang resigned as a director of Singularity Future Technology Ltd. (the ?Company?) and a member of the Compensation Committee, the Audit Committee, and the Nominating and Corporate Governance Committee. Mr. Wang?s decision did not result from any disagreement with the Company relating to its operations, policies, or practices. On September 25, 2023, pursuant to its bylaws, the board of directors (the ?Board?) of the Company elected Mr. Xu Zhao as a Class I independent director to serve until the annual meeting of stockholders for the fiscal year 2022, to fill the vacancy on the Board resulting from the resignation of Mr. Heng Wang.

The Board appointed Mr. Zhao to serve as a member of the Audit Committee, a member of the Compensation Committee and Chair of the Nominating and Corporate Governance Committee. Mr. Zhao has worked as the president of Shijiazhuang Juminhui Technology Co. Ltd. since March 2023.

He was the regional manager for Hebei Province of Jiangsu Hengrui Pharmaceuticals Co. Ltd. from September 2009 to July 2022. Mr. Zhao received his bachelor?s degree in marketing from Nankai University Binhai College in 2009.