Future Fintech Holds Operations Update Meeting


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 YorkDubaiHong KongLondon and Beijing, and conduct in-depth exchanges to facilitate the support of macroeconomic theory with the strategic direction of the Company.”


Future FinTech Appointed Ming Yi as Chief Financial Officer


Future FinTech Group Inc. (NASDAQ: FTFT) (hereinafter referred to as “Future Fintech”, “FTFT” or “Company” ) a leading blockchain e-commerce company and a service provider for financial technology, today announced it has appointed Mr. Ming Yi as the new Chief Financial Officer (“CFO”) of the Company on November 30, 2020.  Ms. Jing (Veronica) Chen resigned as CFO of the Company, effective on November 30, 2020, and she has been appointed as the vice president of the Company, in charge of its international M & A and internal control.

Mr. Yi has extensive experience in accounting, financial management and operation management. Mr. Yi has served as an independent director of Hudson Capital Inc. (Nasdaq: HUSN) since March 31, 2020.  Mr. Yi was the Chief Financial Officer of SSLJ.com Limited from July 2018 to July 2019. From June 2011 to August 2018, Mr. Yi was the Chief Financial Officer and a board member of Wave Sync Corp. (formerly known as China Bio-Energy Corp).  From September 2009 to April 2011, he served as a senior manager at Qi He Certified Public Accountants Co. Ltd. Form July 2007 to August 2010, Mr. Yi was a senior auditor at Ernst & Young.

Mr. Yi received his Bachelor of Science degree in Accounting from School of Business Administrations of Liaoning University in 2004 and his Master of Science degree in Accounting and Finance from Victory University, Australia in 2006. Mr. Yi is a Certified Public Accountant in Australia.

Mr. Shanchun Huang, Chief Executive Officer of the Company, said, “Mr. Yi is a highly qualified chief financial officer and he will be a strong partner for us in implementing cost reduction plans and improving operating performance. His excellent leadership and rich management experience in finance and operations are of great significance to the Company’s global strategy.”

“I am very happy to join FTFT and look forward to working closely with FTFT team,” Mr. Yi said, “As CFO, I will strive to help companies optimize cash flow, simplify financial processes, and improve business processes. In the process of the Company’s deployment into challenger bank business, we will work together to accelerate innovation drive, promote the sustainable development of the Company, and increase the Company’s long-term investment value.”