SGLY · Singularity Future Technology Ltd.
$4.92
-0.56 (-10.22%)
At close · Aug 14
Going-concern doubt
— flagged May 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“The Company recorded net losses of approximately $5.6 million and approximately $2.4 million and net cash used in operating activities of approximately $21.2 million and approximately $0.3 million for the nine months ended March 31, 2026 and 2025, respectively. The above matters raise substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed May 14, 2026
Market Cap
$35.88M
Shares
7.29M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Lei Cao | Chief Executive Officer (Principal Executive Officer) | $135,000 |
| Zhikang Huang | Vice President and Director | $75,000 |
| Tuo Pan | Acting Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | $45,000 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Mhlengi Prevail Mafu | director on board of directors | Resigned | 2025-11-07 |
| Lirong Huang | director on board of directors | Resigned | 2025-11-07 |
| Ping Li | director on board of directors | Resigned | 2025-11-07 |
| Mhlengi Prevail Mafu | independent director | Appointed | 2025-10-31 |
| Lirong Huang | independent director | Appointed | 2025-10-31 |
| Ping Li | independent director | Appointed | 2025-10-31 |
| Chee Jiong Ng | chief financial officer (CFO) | Appointed | 2025-02-26 |
| Ying Cao | chief financial officer | Resigned | 2025-02-26 |
| Jinhao Pang | executive director of the Board | Appointed | 2024-11-20 |
| Jia Yang | chairwoman of the Board | Appointed | 2024-11-20 |
| Jia Yang | CEO | Appointed | 2024-11-20 |
| Ziyun Liu | director | Resigned | 2024-11-20 |
| Ziyun Liu | chairman of the board of directors | Resigned | 2024-11-20 |
| Ziyun Liu | chief executive officer | Resigned | 2024-11-20 |
| Jia Yang | director | Appointed | 2024-08-06 |
| Jia Yang | vice president | Appointed | 2024-08-06 |
| Haotian Song | director | Resigned | 2024-08-06 |
| Haotian Song | vice president | Resigned | 2024-08-06 |
| Yangyang Xu | Class III independent director | Appointed | 2023-10-06 |
| Ling Jiang | director | Resigned | 2023-09-28 |
| Xu Zhao | Class I independent director | Appointed | 2023-09-25 |
| Heng Wang | director | Resigned | 2023-09-25 |
| Ying Cao | chief financial officer | Appointed | 2023-08-21 |
| Dianjiang Wang | chief financial officer | Resigned | 2023-08-21 |
| Zhongliang Xie | Class II independent director | Appointed | 2023-08-01 |
Key facts
CIK
1422892
CUSIP
82935V307
13F (30d)
9 filings
9 filers