NEW YORK, Dec. 30, 2021 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future
FinTech", "FTFT" or "the Company"), a leading blockchain-based
e-commerce business and a fintech service provider, announced today
that the Company has established a new blockchain division that
will manage its existing blockchain sector business which will
include the further formulation and execution of its strategic
growth plan.
Mr. Zhi Yan has been appointed as
the president of the new division to direct the Company's
blockchain business. At present, the blockchain division's primary
mission will be to develop, operate and manage the Company's
previously announced bitcoin mining farm plans in the United States and Paraguay, and to coordinate its announced
Dubai-based digital currency
trading service and crypto asset management business via its FTFT
Capital Investments LLC subsidiary. Mr. Yan has extensive
experience in blockchain and cryptocurrency. He has been general
manager of Cloud Chain Network Technology (Tianjin) Co., Ltd, a wholly owned subsidiary
of the Company since February 2020
and served as the Chief Technology Officer of the Company between
February 2018 and February 2020. Mr. Yan led the development of the
real-name blockchain based e-commerce platform of the Company,
Chain Cloud Mall.
Mr Kai Xu has been appointed as
the vice president of the new division, with responsibility for
optimizing the Company's blockchain computing hash power assets and
developing its Metaverse related businesses, including the
construction of overseas cryptocurrency mining farms, assessing
mining machine investments and developing cooperation agreements
with global partners that could accelerate the growth of the
Company's blockchain business. Mr. Xu has been deputy general
manager of FT Commercial Group Ltd., a wholly owned subsidiary of the
Company since February 2020
and served as the Chief Operating Officer of the Company from
February 2019 to February 2020.
Mr. Shanchun Huang, Chief
Executive Officer of Future FinTech, said, "We are actively
developing a sophisticated and cutting-edge financial services
platform and are also intent upon executing a global expansion
strategy for our cryptocurrency mining business. The establishment
of this new division with responsibility for executing this
strategy underscores our commitment to being a leading firm in this
sector."
About Future FinTech Group Inc.
Future FinTech Group Inc. 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"), and supply chain financing and services. The Company is
also engaged in the development of blockchain based e-Commerce
technology and cryptocurrency mining as well as financial service
technology. For more information, please visit http://www.ftft.com/.
Safe Harbor Statement
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SOURCE Future FinTech Group Inc.