XI'AN, China, March 10, 2020 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT; the "Company"), a company engages in
blockchain based e-commerce, announced that its board of directors
appointed Mr. Shanchun Huang (also
known as Shawn Shanchun Huang) as
the Company's Chief Executive Officer and a director of the Board,
effective March 4, 2020. Mr.
Yongke Xue resigned as the Chief
Executive Officer of the Company on March 4,
2020 but will remain as the Chairman of the Board of
Directors of the Company (the "Board").
Mr. Huang has over 16 years of experience in the financial
service and investment industry. He has provided financing
solutions and advice for high-growth companies in China and successfully assisted 37 enterprises
to complete fundraising or public offerings in China. Most recently, Mr. Huang served as the
president of Wealth Index (Beijing) Fund Management Co., Ltd., which
provides private equity fund management service, from March 2011 to March
2020 and president of Wealth Index (Beijing) International Investment Consulting
Co., Ltd., which provides investment management and consulting
services for non-securities related business, from August 2004 to March
2020. From May 2001 to
June 2004, Mr. Huang was the vice
president of Zhejiang Geely Holding Group Corporation, a global
automobile company headquartered in Hangzhou, China. Mr. Huang graduated from
Hefei Staff University of Science and Technology in July 1986 majoring in news collection and
editing.
Mr. Huang is also a prolific writer and has published four books
in the finance and investment area in China. These books include How to Raise
Money to Start a Business, the Road to Red Chips, Comparison and
Research Among Global Capital Markets, and The Practice of Small
and Medium Enterprises Listed Overseas and Hong Kong. Mr. Huang is the Knight
Commander of Grace of the Order of Saint Lazarus of Jerusalem, and the first Grand Prior of the
Grand Priory of China.
"We are very pleased that Mr. Huang will be joining the team as
our Chief Executive Officer," said Yongke
Xue, Chairman of the Board of the Company. "A key pillar of
the Company's strategy is bringing onboard top leadership to
accelerate our blockchain based e-commerce, digital asset
technology and applications, and financial technology and service
business. Mr. Huang brings the right mix of talent, experience and
success to lead the Company's next stage of growth."
"I'm thrilled to join Future FinTech's leadership team at a time
when blockchain and traditional industry are intersecting to create
breakthroughs," said Shanchun Huang.
"I look forward to working with the team to execute on our
transformational growth strategy."
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is incorporated in Florida and engages in blockchain based
e-commerce business. The Company engages in the operation of a
blockchain based online shared shopping mall platform and also
operates an incubator for application projects using blockchain
technology. FTFT and its subsidiaries are developing blockchain
technology for a variety of B2B and B2C real-life applications
including the distribution, marketing and sale of consumer
products. The Company is also developing financial technology
business to stay ahead of the changing industry. For more
information, please visit http://www.ftft.top/.
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, 2018 and our
other reports and filings with the 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.
IR Contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: ftft@dgipl.com
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SOURCE Future FinTech Group Inc.