Singularity Future Technology Ltd. entered into a subscription agreement for issuance of 17,000,000 units at a price of $0.58 per unit for gross proceeds of $9,860,000 on November 15, 2023. Each unit comprise of one share and one warrant, with each warrant initially exercisable to purchase one share at an exercise price of $0.607 per share. The transaction will include participation from new individual investors Ruiyang Wang; Yaqian Du; Jingjing Tan; Siqi Wang; Shenshen Luo; Guangjun Du; Yifan Li; Shengnan Xia; Peiqi Chen; and Zipei Wu for 1,700,000 units each for gross proceeds of $986,000 each.

The company intend for the purchase of units as set forth herein to be made pursuant to Section 4(a)(1) and Section 4(a)(2) of the Securities Act of 1933, as amended (the ? Securities Act ?).