YORK, Aug. 23, 2023 /PRNewswire/ -- Future
Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as
"Future FinTech", "FTFT" or the "Company"), a comprehensive financial and digital
technology service provider, announced today that Mr. Huang
Shanchun, Chief Executive Officer of the Company, has been invited
to attend the inauguration ceremony of the President of
Paraguay. Upon arrival, Mr.
Barchini, the Minister of Justice of Paraguay, personally welcomed Mr. Huang
and his entourage with diplomatic
courtesy. On the morning of August 15,
2023, Mr. Huang attended the inauguration ceremony for
Santiago Pena, who was sworn in as
the new president of Paraguay.
Dignitaries from many countries attended the ceremony including
South American leaders and the King of Spain. In his inaugural speech, President Pena
promised to implement multiple reforms in education, health,
security, and poverty reduction, bringing more benefits to the
entire Paraguayan people. The new leaders of the Paraguayan
government have clear expectations for Paraguay, which is to revive its past glory
through industrial and economic revitalization.
In a meeting with new President Santiago
Pena and Minister Barchini, Future FinTech's CEO Mr.
Shanchun Huang, stated, "Future
FinTech intends to engage in deeper and broader cooperation with
the new government of Paraguay in
the near future in areas such as financial technology,
crypto mining with hydropower and related
"Future FinTech looks forward to working with the new government
to promote a blockchain friendly legal environment, make
Paraguay a blockchain friendly
country, and attract global blockchain innovation enterprises to
settle in Paraguay, promoting
competitiveness and strength," CEO Shanchun continued.
"In the field of cryptocurrency mining, Future
Fintech can leverage Paraguay's
abundant hydropower and other natural resources to attract global
bitcoin mining to Paraguay, building an industrial chain from
mining machine custody to mining machine production. While bringing
economic benefits to Paraguay, it
will also create more high-quality employment opportunities for
Paraguayans," Mr. Huang concluded.
Paraguay President Santiago Pena
and Minister Barchini expressed agreement with Mr. Huang's ideas
and plans and welcomed international companies like Future FinTech
to develop business in Paraguay.
About Future Fintech Group Inc.
Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive
financial and digital technology service provider. The Company,
through its subsidiaries, conducts asset management in Hong Kong, operates a cross-border payment
business in the United Kingdom,
provides cryptocurrency trading data information
services in the United Arab
Emirates, and engages in supply chain trading and finance
businesses in China. In addition,
the Company provides digital asset computing power custody services
in Paraguay and has initiated
digital asset mining farm operations in the United States. FTFT adheres to the concept
of improving financial services with digital and internet
technology, and provides its business and individual customers with
stable, safe and efficient digital financial services. For more
information, please visit www.ftft.com.
Safe Harbor Statement
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"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
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through our use of words such as "may," "will," "anticipate,"
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"could," "intend," "target" and other similar words and expressions
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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, 2022 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.