XI'AN, China, March 30, 2018 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the
Company"), a financial technology company, today announced that on
March 2, 2018, the Company
established GlobalKey SharedMall Limited in the Cayman Islands for the purpose of operating
its global shared business services center based on blockchain
technology. Also, on March 22, 2018,
the Board of Directors of Future Fintech appointed two new
executive hires to the Company's management team.
"We are very pleased to establish GlobalKey SharedMall Limited
and to announce two key management hires," said Mr. Yongke Xue, Chief Executive Officer of Future
FinTech. "Our new subsidiary in the Cayman Islands is an important step towards
establishing a global footprint based on blockchain technology, and
to apply new ideas and solutions to meet the needs of businesses
and consumers. We are confident that our new management hires, who
are expert in the vital fields of software engineering, e-commerce
and internet finance, will help us to fulfill this vision and
enable us to be a preeminent global
player in the fintech sector."
As previously announced, on December 18,
2017, GlobalKey Supply Chain Ltd. ("GlobalKey"), a limited
liability company incorporated in China and a wholly owned subsidiary of the
Company entered into a Technology Development Service Contract with
Reits (Beijing) Technology Co.
Ltd. ("Reits"), pursuant to which Reits will provide services to
GlobalKey relating to the design, development, testing, deployment
and maintenance of a blockchain-based globally shared shopping mall
and other software systems. It is planned that GlobalKey will
provide its operating system to GlobalKey SharedMall.
The establishment of GlobalKey SharedMall officially marks the
entry of the Company's development of its shared business services
based on blockchain technology into the international market, and
it is envisioned that the Company will develop a shopping mall in
the mode of the shared economy. With the addition of our
professional operating team, the Company plans to optimize
business operations and resource allocation in the fintech
industry. The Company's goal is to build a global enterprise of
shared business services with a standardized, professional, and
international shared e-commerce business center.
The new additions to the Future FinTech management team are as
follows:
Dr. Zhijing Xu, Chief
Executive Officer of GlobalKey SharedMall
Dr. Xu holds a Bachelor of Space
Physics from Wuhan University, a
Master of Electrical Engineering from Beijing University of Aeronautics and
Astronautics, and a Ph.D. in Electrical Engineering from
Syracuse University. Dr. Xu's previous
work experience include Computer Scientist at the New York Center
for Advanced Research in Software Engineering and Coherent Research
Inc. (CRI), Senior Researcher and Technical Director at Bell Labs,
General Manager and Chief Technology Officer of Haizhongxin
(Beijing) Satellite Communication
Co., Ltd., General Manager and Chief Scientist of Haizhongxin
Industrial Investment Corporation, and Chief Scientist of Smart
Finance at China Institute of Financial Innovation. Dr. Xu has
extensive experience in research and development of Internet
finance, offline to online (O2O) e-commerce systems, mobile payment
networks, wireless communications, artificial intelligence,
software engineering, and the Internet of Things.
Dr. Xiaofeng Dai, Chief
Technology Officer of Future FinTech
Dr. Dai holds a Master of Economics from Huazhong University of
Science and Technology, a Ph.D. in Economics from Wuhan University. Dr. Dai was a Postdoctoral Fellow at the
Institute of Finance, Chinese Academy of Social Science, and a
Visiting Scholar at the School of Economics, Georgia Institute of Technology. His qualifications
and certifications include Qualifications of Securities
Practitioners, Qualifications of Fund Practitioners and Project
Management Professional Certification. Dr. Dai's previous work experience include Investment
Manager of Datang Huayin Electric Power Co., Ltd. (a Shanghai Stock
Exchange Listed company, trading symbol: 600744, the earliest
public company of China State Power Corporation), Diversified
Investment Director of Datang Huayin Electric Power Co., Ltd., Vice
President of Beijing Haoyuan Capital Management Co., Ltd., Lecturer
of Finance at the University of International Business and
Economics, Executive Director of Wuxi Aerospace High Energy
Materials Internet Equity Investment Fund, Investment and Financing
Consultant at the Research Center of Chinese Academy of Social
Sciences, Partner of Beijing Detai Jiufang Asset Management LLC.,
and Director of Zhongguancun Private Equity Investment Association.
Dr. Dai has also participated in various activities such as mergers
& acquisitions, private equity / venture capital fund
investment, secondary markets investment, real estate, technology,
angel and personal investing.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is incorporated in Florida and engages in financial
technology. The Company engages in the research and
development of digital asset systems based on blockchain technology
and is also an incubator of application projects related to
blockchain technology. The Company and its subsidiaries are
developing blockchain technology and cryptocurrencies for a variety
of B2B and B2C real-life applications including a variety of
financial businesses and the distribution, marketing and sale of
consumer products. FTFT is also developing an operational platform
utilizing blockchain technology and the shared economy, which
includes an integrated online shopping mall. 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:
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
|
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SOURCE Future FinTech Group Inc.