Singularity and AKD Development Inc. Enter Into Development Services Framework Agreement for Florence, South Carolina Data Center and Power Infrastructure Project

Framework establishes a gated process for potential development services across feasibility, utility coordination, engineering, procurement and construction phases, with each phase subject to separate authorization

NEW YORK, NY, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Singularity Future Technology Ltd (the "Company,” “Singularity,” or “SGLY”), a Nasdaq-listed company, today announced that it has entered into a Master Development Services Framework Agreement (the “Framework Agreement”) with AKD Development Inc. (“AKD”) relating to the potential development of a data center and associated substation and power infrastructure in Florence, South Carolina (the “Project”). The Framework Agreement establishes general terms and a phased process under which AKD may provide certain development services if and when authorized through individually executed work orders (each, a “Work Order”). The Framework Agreement does not obligate Singularity to issue any Work Order or to proceed with the Project beyond initial feasibility work.