NEW
YORK, Dec. 2, 2024 /PRNewswire/ -- Future
Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as
"Future FinTech", "FTFT" or the "Company"), a comprehensive
financial and digital technology service provider, today announced
an update of the Company's Blockchain Business Division. The
division was established in December
2021 to manage its existing blockchain business to include
its development as well as the execution of its strategic growth
plan.
The new focus of the Blockchain Business Division will be to
develop and grow new blockchain businesses such as high-performance
computing, web3 technology, artificial intelligence (AI), and other
blockchain related projects. The Blockchain Business Division will
continue to manage its existing businesses to include coordinating
its operations, developing business synergies and executing on its
strategic growth plan.
Mr. Li Hu, CEO of Future FinTech,
said, "We are actively developing an array of digital financial
products and services by leveraging AI to expand our impact on the
web3 industry, the next iteration of the internet that uses
blockchain technology to empower users. Our Blockchain Business
Division will integrate existing and new businesses with an
expanded mandate which we believe solidifies our commitment to
being a leader in the blockchain field."
Mr. Kai Xu has been appointed the
President of the Blockchain Business Division, responsible for
overseeing and directing the division's operations, including
engagement with the expansion of web3. Mr. Xu has extensive
experience in blockchain and big data. Mr. Xu was previously COO of
the Company, a position in which he served until February 2020, and the vice president of the
Company's blockchain division, and he also serves as
the Deputy General Manager of FT Commercial Group Ltd., a
wholly owned subsidiary of the Company,
Mr. Weifang Peng has been
appointed the Vice President of the Blockchain Business Division,
mainly responsible for the Company's blockchain computing power and
web3 related business development. Mr. Peng entered the
Bitcoin mining industry in September 2015 and has extensive industry
experience. Mr. Peng was responsible for FTFT's global mining
investment business from 2021 to 2022.
About Future Fintech Group Inc.
Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive
financial and digital technology service provider. The Company,
through its subsidiaries, conducts asset management, brokerage and
investment banking services in Hong
Kong, operates a cross-border payment business in the
United Kingdom, and engages in
supply chain trading and finance businesses in China. In addition, the Company has initiated
digital asset mining farm operations in the United States. FTFT adheres to the concept
of improving financial services with digital and internet
technology, and provides its business and individual customers with
stable, safe and efficient digital financial services. For more
information, please visit 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
historical fact are statements that could be forward-looking
statements. You can identify these forward-looking statements
through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
"expect," "estimate," "continue," "plan," "point to," "project,"
"could," "intend," "target" and other similar words and expressions
of the future.
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, 2023 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.
