Singularity Future Technology Ltd.

Singularity Future Technology Ltd.

Overview

Singularity Future Technology Ltd., formerly Sino-Global Shipping America, Ltd., has a 25+ year history in international logistics. The company reorganized and renamed in 2022 to reflect expansion beyond traditional maritime logistics into digital asset and technology-enabled services. Its primary focus remains end-to-end freight logistics while the company expands into agriculture commodities trading and AI computing/data center initiatives.

Core business and offerings

• Global integrated logistics solutions focused on freight logistics and supply chain services.
• Deep specialization in the steel sector; serves cross-border manufacturing, retail, and e-commerce clients.
• End-to-end service workflow integrated into a single client workflow:
  1. Inland cargo collection and origin consolidation in China.
  2. Full-container-load (FCL) and less-than-container-load (LCL) ocean freight booking and management.
  3. Last-mile delivery to industrial yards, retail warehouses, or end-customer addresses.
  4. Drop-shipping support for direct-to-consumer brands, including label generation and shipment tracking visibility.
• Asia-origin cargo coordination and local operations are primarily managed by Trans Pacific Beijing (TP Beijing) and Trans Pacific Logistic Shanghai (TP Shanghai). TP Shanghai is 90% owned by TP Beijing; TP Beijing handles overall control.
• Geographic scope includes North America, Greater China, and major global trade corridors.

Growth and strategic initiatives

• Agriculture commodities: expanding into sesame seeds, soybeans, and other grains and oilseeds using the company’s cross-border logistics network and port expertise.
• Digital asset / AI data center initiatives:
  • Non-binding development framework with Florence Development LLC (Florence, South Carolina) for an approximately 900-acre industrial site (announced August 2026).
  • Objective to evaluate development of a large-scale AI computing/hyperscale data center platform with potential multi-phase expansion. An initial phase may use a portion of the property; potential total capacity up to about 99 MW has been identified, subject to utility confirmation and regulatory approvals.
• Solar and new energy: plans to work with research institutions and solar energy companies on new energy technologies and recycling channels, with potential integration of solar panel sales into commodity trading and logistics.

Corporate structure and principal subsidiaries

• Artificial Intelligence Regeneration Technology Co., Ltd (Cayman Islands) — 100% owned; incorporated 11/18/2024; no material operations.
• Artificial Intelligence Regeneration Technology Co., Ltd (BVI) — 100% owned; incorporated 05/21/2025; no material operations.
• Sino-Global Shipping New York Inc. (SGS NY) — New York corporation; 100% owned; incorporated 05/03/2013; no material operations.
• Sino-Global Shipping HK Ltd. (SGS HK) — Hong Kong corporation; 100% owned; incorporated 09/22/2008; no material operations.
• Trans Pacific Shipping Ltd. (Trans Pacific Beijing) — PRC LLC; 100% owned; incorporated 11/13/2007.
• Trans Pacific Logistic Shanghai Ltd. (Trans Pacific Shanghai) — PRC LLC; 90% owned by Trans Pacific Beijing; incorporated 05/31/2009; primarily engaged in freight logistics services.
• Gorgeous Trading Ltd. — Texas corporation; 100% owned by SGS NY; incorporated 07/01/2021; no material operations.
• SG Shipping & Risk Solution Inc. (SGSR) — New York corporation; 100% owned; incorporated 09/29/2021; no material operations.
• Singularity (Shenzhen) Technology Ltd. — PRC; 100% owned; incorporated 09/04/2023; no material operations.
• Singularity Future Technology Virginia Inc. — Virginia corporation; 100% owned by Artificial Intelligence Regeneration Technology Co., Ltd (BVI); incorporated 09/11/2025; no material operations.
• Several previously active entities have been dissolved or restructured (examples include Sino-China, Sino-Global Shipping LA, Ningbo Saimeinuo Web Technology Ltd., Blumargo IT Solution Ltd., New Energy Tech Ltd., with New Energy Tech Ltd. later disposed of in 2025).

Customers

• Chongqing Iron & Steel Ltd. was the company’s primary customer, accounting for:
  • 100% of revenues for the fiscal year ended June 30, 2026.
  • 94.4% of revenues for the fiscal year ended June 30, 2025.
• The company notes a high customer concentration risk from this dependency.

Suppliers

• Operations rely on third-party suppliers to meet customer needs.
• For the year ended June 30, 2026, two suppliers accounted for approximately 28.5% and 18.2% of total purchases.
• For the year ended June 30, 2025, three suppliers accounted for approximately 34.4%, 16.3%, and 10.5% of total purchases.

Employees

• 10 full-time employees total:
  • 8 in China
  • 2 in the United States
• Functional distribution: 4 in management, 2 in operations, 2 in finance/accounting, 2 in administrative/technical support.
• No current collective bargaining agreements; historically stable labor relations.

Legal and regulatory matters

• Settlements and litigation: ongoing settlements related to prior securities litigation, including a class action settlement (Crivellaro) totaling $5.8 million with staged payments completed by September 2026 and final court approval pending as of the report date.
• Regulatory matters: SEC and other regulatory investigations with ongoing cooperation; an SEC settlement was reached in January 2025 addressing financial reporting and internal controls.
• Exchange compliance: Nasdaq listing considerations and bid-price compliance actions were completed as of August 2026.
• Partnerships and framework agreements are non-binding and subject to due diligence, financing, regulatory approvals, and definitive agreement negotiations.

Geographic and regulatory notes

• PRC cross-border fund transfers: the company states that legal cross-border funding is available between holding companies and PRC/Hong Kong subsidiaries. Under PRC rules, dividends from PRC subsidiaries are payable only from accumulated profits, and withholding tax considerations apply (a 5% reduced rate for dividends to Hong Kong may be available under current treaties, subject to regulatory determination).
• Overseas listing rules: the PRC Overseas Listing Trial Measures set filing and approval requirements for future offshore offerings; penalties for non-compliance can include fines and listing restrictions.

What the company does, in brief

• Provides end-to-end, non-asset-based freight and logistics solutions covering origin consolidation in China, ocean freight (FCL/LCL) management, last-mile delivery, and drop-shipping for e-commerce, with customs support and related services.
• Operates a globally connected logistics network with a focus on steel and cross-border trade clients, coordinating Asia-origin cargo through TP Beijing and TP Shanghai.
• Pursues growth in agricultural commodities trading and is evaluating development of a large-scale AI computing/hyperscale data center platform in the U.S., including a non-binding plan for a 900-acre site in Florence, South Carolina.
• Maintains a compact workforce (10 full-time employees) and a high level of customer concentration with recent revenues dependent on Chongqing Iron & Steel Ltd.