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Singularity Future Technology Ltd. (NASDAQ:SGLY), a micro-cap company currently trading at $0.97 with a market capitalization of $4.33 million, held its annual meeting of shareholders on Tuesday for the fiscal year ended June 30, 2024. According to a press release statement, shareholders voted on four matters. InvestingPro analysis suggests the stock is currently trading below its Fair Value.
Shareholders elected Yangyang Xu as a Class III Director to the board of directors. Xu received 1,860,816 votes in favor, 2,309 votes against, and 633 abstentions. Xu will serve until the annual meeting for the fiscal year 2027 or until a successor is elected and qualified.
The appointment of Audit Alliance LLP as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2025, was ratified. The vote totals were 1,924,104 in favor, 1,194 against, and 206 abstentions.
Shareholders also approved the adoption of the company’s 2025 equity incentive plan, with 1,843,270 votes in favor, 20,415 against, and 73 abstentions.
Additionally, the company’s executive compensation was approved on an advisory, non-binding basis. The results were 1,851,680 votes for, 11,733 against, and 345 abstentions.
The information is based on a statement provided in a recent SEC filing. Singularity Future Technology’s common stock is listed on the Nasdaq Stock Market under the symbol SGLY.
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