UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February
8, 2022 (
(Exact name of Registrant as specified in charter)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e)
New employment agreement with the COO
Effective February 8, 2022, Singularity Future Technology Ltd. (the “Company”) entered into a new employment agreement (the “Employment Agreement”) with its Chief Operating Officer, Ms. Jing Shan. The Employment Agreement began on February 8, 2022 and will terminate on August 4, 2024. The term shall automatically be extended for a one-year period in the absence of notice of non-renewal provided at least 30 days prior to the anniversary date of the Employment Agreement. Ms. Shan will receive a salary $200,000 per year. A copy of the Employment Agreement is attached hereto as Exhibit 10.1.
Stock award agreements with certain executive officers
On February 4, 2022, the Board and the Compensation Committee approved a one-time award of a total of 500,000 shares of common stock from the shares reserved under the Company’s 2021 Stock Incentive Plan (the “Plan”) to certain executive officers of the Company, including Chief Executive Officer, Yang Jie (300,000 shares), COO, Jing Shan (100,000 shares), and Chief Technology Officer, Shi Qiu (100,000 shares).
The grants described above were made on the terms of the Company’s Form of Plan Stock Award Agreement, as amended and previously filed as Exhibit 10.1 to the quarterly report on Form 10-Q filed with the Securities and Exchange Commission on February 12, 2016, which are incorporate herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit 10.1 | Employment Agreement by and between Ms. Jing Shan and Singularity Future Technology Ltd., dated February 8, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| SINGULARITY FUTURE TECHNOLOGY LTD. | ||
| Date: February 8, 2022 | By: | /s/ Yang Jie |
| Name: | Yang Jie | |
| Title: | Chief Executive Officer | |