NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or
"Company"), a leading blockchain based e-commerce business and a
fintech service provider, announced today that, its wholly-owned
subsidiary Chain Cloud Mall Network and Technology (Tianjin) Co., Limited ("CCM") has
signed a cooperation agreement with The Merchandise and
Quality Week Magazine, a news magazine directly owned by China
Foundation of Consumer Protection. The cooperation has a term for
five years, from February 1, 2021 to
January 31, 2026. The
Anti-Counterfeiting Committee of China Foundation of Consumer
Protection will set up a "Quality and Safety Office" and appoint
Mr. Zhi Yan, the general manager of
CCM, as the deputy director of that office for a term of one year,
who will be responsible for building the quality and safety credit
system for Chinese brands and enterprises under the "Responsible
Brand Plan". The "Responsible Brand Plan" will be officially
launched in March 2021 and operated
by the "Quality and Safety Office" of the Anti-Counterfeiting
Committee of China Foundation of Consumer Protection.
Mr. Zhi Yan said that: "The
Responsible Brand Plan will make full use of the real name based
blockchain anti-counterfeiting tracing technology developed by CCM,
which will not only protect the legitimate rights and interests of
the enterprises and their brands, but also impose
responsibility for their product's quality and safety."
China Foundation of Consumer Protection was established in
November 1989. It is supervised by
the State Owned Assets Supervision and Administration Commission of
the State Council of China. Its
mission is to protect the interest of consumers and implement its
responsibility as a nonprofit consumer protection organization
under the Consumer Protection Law of China. One of its main responsibilities is to
support and participate in anti-counterfeiting activities and clean
up the consumer products market.
The Anti-Counterfeiting Committee of China Foundation of
Consumer Protection is the first and the only nonprofit
organization that was approved by the Ministry of Civil Affairs
specializing in anti-counterfeiting in China. It was established in July 2000. It focuses on cracking down
counterfeit and shoddy products that harm the rights and interest
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"), a cross-border e-commerce platform (NONOGIRL), an
incubator for blockchain based application projects. The Company is
also engaged in the development of blockchain based technology and
services as well as financial technology services. For more
information, please visit http://www.ftftex.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
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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, 2019 and our
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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.
SOURCE Future FinTech Group Inc.