Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
for Our Common Stock
Our
common stock is traded on the Nasdaq Capital Market under the symbol SGLY.
Holders
of Our Common Stock
As
of September 12, 2024, there were 26 holders of record of our common stock. This number does not include stockholders who hold their
shares of common stock in street name.
Dividend
Policy
We
have never declared or paid any cash dividends on our common stock. We anticipate that we will retain any earnings to support operations
and to finance the growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future.
Any future determination relating to our dividend policy will be made at the discretion of our Board and will depend on a number of factors,
including future earnings, capital requirements, financial conditions and future prospects and other factors the Board may deem relevant.
Payments of dividends by our PRC subsidiaries to our company are subject to restrictions including primarily the restriction that foreign
invested enterprises may only buy, sell and/or remit foreign currencies at those banks authorized to conduct foreign exchange business
after providing valid commercial documents.
Recent
Sales of Unregistered Securities and Issuer Purchases of Equity Securities
None.
Item
6. [Reserved]
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