NEW YORK, Aug. 30, 2021 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future
FinTech", "FTFT" or "the Company"), a leading blockchain-based
e-commerce business and a fintech service provider, announced today
that the Company held an operations update video conference call on
August 20, 2021. It was attended by
CEO Shanchun Huang, COO Yang Liu, CIO Xiaochen Zhao, Head of FTFT's
Future Commercial Group Ltd. Jie
Han, and Honorary Chief Economist of the Company Dr.
Finn E. Kydland, Nobel Laureate in
Economics.
Future FinTech COO Yang Liu
hosted the call and commented on FTFT's recent operations, "As of
mid-August, we have made significant progress in implementing our
global strategic plan. We completed the acquisition of Hong Kong-based Nice Talent Asset Management
Limited ("NTAM"), incorporated a new subsidiary, Future Fintech
Digital Capital Management LLC ("Future Fintech Digital Capital"),
in Connecticut, established an
R&D center -Future FinTech Labs Inc. ("Future FinTech Labs") in
New York, registered a new
subsidiary FTFT Capital Investments LLC ("FTFT Capital
Investments") in Dubai, and
incorporated a new subsidiary -FTFT UK Limited ("FTFT UK") in
United Kingdom, as an operating
base to develop fintech business in Europe."
As a core element of its strategic plan, FTFT plans upon
developing an array of diversified financial products and services
for global institutional investors and high net worth investors
through its subsidiaries which are approved to provide such
services. To achieve this goal, the Company plans upon forming an
operational matrix to include Future FinTech Labs, Future Fintech
Digital Capital, FTFT Capital Investments, FTFT UK, NTAM and other
subsidiaries with appropriate licenses to provide such services.
Through the integration of its R&D center, institutional
investment management and fintech, the Company intends to become a
leading financial services firm that provides users with a wide
range of personal online financial products and services. It is
planned that these will include mobile payments, international
transfers, wealth management services, member rewards, and other
non-traditional proprietary applications that we believe will
positively disrupt the financial services sector.
The Company believes that its core competency through its
blockchain application capabilities, strong technical team and deep
experience in blockchain projects provides superior support for its
asset management and online financial services businesses as well
as for future business development.
FTFT Honorary Chief Economist Dr. Kydland Supports Company's
Corporate Strategy
Dr. Kydland expressed support for the Company's strategic plan
of its financial services business. Dr. Kydland observed that
FTFT's core plans in online financial services will enable it to
succeed at its highly enterprising initiative to disrupt
traditional banking by using financial technology and that this
course represents the direction of future financial services.
Dr. Finn E. Kydland commented, "I
am optimistic about the competitive prospects of FTFT's use of
cutting-edge financial technology and its applications for the
traditional banking business. I look forward to sharing my
resources, knowledge and experience in the macroeconomic, financial
and monetary fields, and applying research to help guide FTFT's
assessment of the long-term trends of the financial industry to
optimize the Company's strategic plan."
Dr. Kydland continued, "Although I could only meet the FTFT team
by video conference, once the pandemic moderates, I will plan to
visit FTFT offices in New York,
Dubai, Hong Kong, London and Beijing, and conduct in-depth exchanges to
facilitate the support of macroeconomic theory with the strategic
direction of the Company."
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is a leading blockchain e-commerce company and a
service provider for financial technology incorporated
in Florida. The Company's operations include a
blockchain-based online shopping mall platform, Chain Cloud Mall
("CCM"), an incubator for blockchain based application projects,
and supply chain financing and services. The Company is also
engaged in the development of blockchain based e-Commerce
technology as well as financial technology. For more information,
please visit http://www.ftft.com/.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
respect to our beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond our control, and which may cause
the actual results, performance, capital, ownership or achievements
of the Company to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
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"assume," "should," "indicate," "would," "believe," "contemplate,"
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"could," "intend," "target" and other similar words and expressions
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All written or oral forward-looking statements attributable
to us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2020 and our other reports and
filings with SEC. Such reports are available upon request from the
Company, or from the Securities and Exchange Commission, including
through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
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SOURCE Future FinTech Group Inc.