Singularity Future Technology Ltd. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Item 5.02. Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers
On February 20, 2025, Mr. Ying Cao resigned from his position as the chief financial officer (“CFO”) of Singularity Future Technology Ltd. (the “Company”). Mr. Ying Cao’s resignation was for personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On February 21, 2025, the board of directors of the Company (the “Board”) appointed Mr. Chee Jiong Ng as the CFO of the Company to fill the vacancy resulting from Mr. Ying Cao’s resignation.
In connection with this appointment, the Company and Mr. Ng entered into an employment agreement, dated February 21, 2025(the “CFO Employment Agreement”), pursuant to which Mr. Ng will receive an annual compensation of $84,000 for his services as the CFO of the Company.
Mr. Ng worked as the CFO of Meta Data Limited from November 2021 to July 2024. From March 2021 to October 2021, Mr. Ng was a financial advisor for two Nasdaq listed companies, responsible for annual and semi-annual reporting obligations and financing activities. From December 2017 to February 2021, Mr. Ng was the CFO of Dunxin Financial Holdings Limited, now known as Eason Technology Limited (NYSE: DXF). Mr. Ng received a bachelor’s degree in economics from the University of Sydney, Australia in 1993, and a master’s degree in commerce from the University of New South Wales, Australia in 1995. Mr. Ng is also a certified public accountant of Australian Society of Certified Public Accountants since 1999.
There is no family relationship between Mr. Ng and any of our other officers and directors. Except for the CFO Employment Agreement described above, Mr. Ng has not had any transaction with the Company since the beginning of our last fiscal year.
The foregoing description of the CFO Employment Agreement is a general description only, does not purport to be complete, and is qualified in its entirety by reference to the terms of the form of CFO Employment Agreement attached hereto as Exhibit 10.1, which is incorporated herein by this reference.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Form of the CFO Employment Agreement | |
| 104 | Cover Page Interactive Data File the cover page XBRL tags are embedded within the Inline XBRL. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: February 26, 2025 | Singularity Future Technology Ltd. | |
| By: | /s/ Jia Yang | |
| Name: | Jia Yang | |
| Title: | Chief Executive Officer | |
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