NEW
YORK, Aug. 9, 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
that its Board of Directors (the "Board") approved the appointment
of Mr. Hu Li as Chief Executive
Officer ("CEO"), President and a member of the Board of the
Company, effective August 5,
2024.
Mr. Li will be fully responsible for the operation and
management of the Company, helping it to expand internationally,
manage its investment and financing activities, and promote the
Company's continued strategic transformation and development. Mr.
Li replaces Mr. Shanchun Huang as
Chief Executive Officer effective August 5,
2024. Mr. Huang resigned as CEO, President and a member of
the Board for personal reasons, and not because of any disagreement
with the Company, its management or its directors.
Mr. Hu Li has served as a
director and Chief Executive Officer of FTFT International
Securities and Futures Limited, a wholly owned subsidiary of the
Company since January 2024, and as
Corporate Secretary of the Company since June 2019. Since September
2021, he has served as an independent Director of Shineco
Inc. (Nasdaq: SISI). Mr. Li served as the chief supervisor of Anhui
Yihai Mining Equipment Co., Ltd., a public company in the China
NEEQ stock market (stock symbol: 831451) from February 2018 to July
2021. From September 2015 to
February 2018, Mr. Li served as the
Vice General Manager of Shaanxi Huipu Financial Leasing Co., Ltd.
Mr. Li obtained his master's degree in Business Administration
(MBA) from Xi'an Technology University in 2008 and bachelor's
degree from Xi'an Fanyi University in 1996.
Mr. Foyou Li, Future FinTech's Chairman of the Board, said,
"Mr. Hu Li is an excellent
executive, having joined the Company five years ago, and he has
made many outstanding contributions during this period. Further,
Mr. Li has played an important role as the Company transitioned
into a fintech company with a diversified portfolio of financial
services businesses. Mr. Li has accumulated deep knowledge of our
new business and rich management experience during the past five
years with the Company. I am very pleased that he has agreed to
assume the responsibility as the Company's new Chief Executive
Officer and believe that Mr. Li will fulfill the mission of the
Company and take it to new heights of achievement and success."
Mr. Hu Li, said, "I attach great
importance to this new appointment and opportunity. First of all, I
would like to thank Mr. Shanchun
Huang for his great contributions to the Company over the
years. Future FinTech's success and development cannot be separated
from the leadership and guidance of Mr. Huang as he effectively
developed our corporate structure and current positioning in the
fintech industry. I plan to continue to work shoulder to shoulder
with the Future FinTech team to help the Company to achieve
sustainable development and accelerate the implementation of our
global strategic growth plan. As CEO of
Future FinTech, my mission is to lead the organization, set its
goals and market strategies, and leverage my executive experience
to the benefit of our customers, employees and shareholders
worldwide."
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.