XI'AN, China, Nov. 18,
2019 /PRNewswire/ -- Future FinTech Group Inc. (FTFT) ("Future
FinTech", "FTFT" or "the Company") today announced cooperation
with Chifeng Supply and Marketing E-commerce Co., Ltd. ("Chifeng
Supply and Marketing Company") to develop a blockchain contract
farming platform focusing on sheep farming.
Contract farming is defined as a sales arrangement of certain
agriculture products between a customer and a farmer before
production begins and it establishes conditions for the production
and markets for farm products. By connecting the consumers and
farmers directly, contract farming can offer farmers an assured
market and offer consumers higher food quality and safety. The
first phase of the blockchain contract farming platform will focus
on sheep farming in Chifeng. Future FinTech agreed to utilize its
technology to develop and provide the real-name blockchain platform
for the contract sheep farming. Chifeng Supply and Marketing
Company will consolidate local farmers and resources to transform
them into standard sheep farming.
By building a blockchain contract farming platform, every sheep
farming process will be carried out by a real-name farmer and
record on the blockchain. Consumers would be able to track the
whole standard sheep farming process.
"We are glad to cooperate with Chifeng Supply and Marketing
Company to develop the blockchain contract farming platform.
It is our first project in the agriculture industry and we believe
this blockchain contract farming model has great market potential.
We look forward to making the sheep farming project a success,"
said Mr. Yongke Xue, Chief Executive
Officer and Chairman of Future Fintech.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is incorporated in Florida and engages in fruit juice and
blockchain based e-commerce businesses. 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, 2017 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.
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.