BEIJING, April 16, 2020 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the
Company"), a leading blockchain e-commerce and financial technology
company, announced today that it has received a letter from the
NASDAQ Listing Qualifications Staff notifying the Company that it
has regained compliance with NASDAQ's minimum bid price
requirements for continued listing on the Nasdaq Capital Market.
The letter noted that as a result of the closing bid price of the
Company's common stock having been at $1.00 per share or
greater for at least ten consecutive business days, from
March 23, 2020 to April 13,
2020, the Company has regained compliance with Listing Rule
5550(a)(2) and the matter is now closed.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is a leading blockchain technology R&D and
application company incorporated in Florida. The operation of
the Company includes 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,and a digital payment system "DCON". The Company is
also engaged in development of blockchain based e-Commerce
technology as well as financial 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, 2018 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.
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SOURCE Future FinTech Group Inc.