XI'AN, China, Jan. 4, 2018 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("Future
FinTech" "FTFT" or "the Company"), a financial technology company
and integrated producer of fruit-related products, today announced
that it received a 5% equity interest in Nova Realm Limited ("Nova
Realm"), which has been gifted to the company by Mr. Yongke Xue, a Director of Future FinTech. Nova
Realm is a blockchain technology research and development company
registered in the United Kingdom.
Nova Realm developed Nova Realm City ("NRC"), which it believes to
be the first-ever blockchain technology value community registered
with real name users and delivers asset-based digital services to
global blockchain projects and provides a platform for members to
communicate and participate in these projects. Mr. Yongke Xue personally acquired 60% of the equity
interest of Nova Realm and has generously gifted 5% of which to
FTFT.
Mr. Hongke Xue, Chief Executive Officer of Future FinTech,
commented, "We are very grateful for the gift from Mr. Yongke Xue and are excited about this new
opportunity to further explore our financial technology business
which is a core element of our new strategic plan. We view the
equity interest as an opportunity to engage the blockchain sector
and to grow by leveraging this evolving technology. Our goal is to
accelerate the application of blockchain technology and to bring
practical blockchain technologies to the lives of real people."
"With my gift of the equity stake, I believe that the Company
will be able to access Nova Realm City's technical expertise and
knowhow in blockchain cryptography, with the ability to select
promising projects for the application of blockchain technology. I
believe that Future Fintech will be able to utilize Nova Realm
City's technical capabilities with its advantages as a public
company to develop blockchain applications which will create a
competitive advantage for the Company in the fintech sector," said
Mr. Yongke Xue, a Director of Future
FinTech.
In recent years, as an Internet database technology, the Company
believes that blockchain has become a highly attractive niche in
the innovation and application of information technology due to its
unique mechanism of securing trust among partners as well as its
application in many industries. The Company believes that
blockchain technology is just beginning to scale and is currently
attracting a high degree of global focus and attention as more and
more industries seek to utilize its digital ecology and
revolutionary capabilities. The Company believes that the unique
features of the Nova Realm City community validates FTFT's equity
position in Nova Realm. These include the community's core values
of equality, mutual benefit, openness and transparency in terms of
its blockchain utilization.
"We believe that blockchain technology is a disruptive
technology that will change the way that companies and people
interact, and we welcome the challenges and opportunities of this
new platform," Mr. Hongke Xue, Chief Executive Officer of Future
FinTech concluded.
About Nova Realm Limited
Nova Realm Limited ("Nova Realm") is a blockchain technology
research and development company registered in the United Kingdom. Nova Realm developed Nova
Realm City ("NRC"), which it believes to be the first-ever
blockchain technology value community registered with real name
users and which delivers asset-based digital services to global
blockchain projects. NRC's mission represents the first interaction
community with a real-name registration system in the world.
The operation of the NRC community is ensured through blockchain
technology where the legitimate allocation of community funds is
safeguarded through multiple signatures and the community's major
events are decided through a voting mechanism. For more
information, please visit Nova Realm's Chinese website at
http://www.nrc.one/.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company"), is a fintech company that is developing an operational
platform to utilize blockchain technology to participate in the
shared economy, as well as for the distribution, marketing and
sales of various products. The Company's legacy business is the
production and sales of fruit juice concentrates, fruit beverages,
and other fruit related products in China and certain overseas markets, and FTFT
is utilizing fintech solutions to operate and grow this business.
The Company is also developing a regional agricultural products
commodities market with the goal to become a leader in agricultural
finance technology. 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,
2016 and otherwise in our SEC reports and filings,
including the final prospectus for our offering. 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.
For more information, please contact:
COMPANY
Cindy Liu, Investor
Relations Manager
|
Future FinTech Group
Inc.
|
Tel: China +
86-29-8187-8277
|
Email:
skypeople_annie@163.com
|
Web:
http://www.ftft.top
|
View original
content:http://www.prnewswire.com/news-releases/future-fintech-announces-a-5-stake-in-blockchain-technology-company-300576894.html
SOURCE Future FinTech Group Inc.