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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 signed an equity acquisition framework agreement (the “Framework Agreement”) to acquire a 51% equity interest in Mingtang Network Technology Co., Ltd. (the “Mingtang Network”) from its shareholders (the “Sellers”). Mingtang Network is located in the Changji Zhundong Economic and Development Zone in the Xinjiang...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 5,737,706 shares of its common stock at a purchase price of $6.10 per share on April 6, 2021. The gross proceeds of this offering are approximately $35 million. The Company issued a total of 5,737,706 shares of its common stock in the offering. The net proceeds...

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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 on March 26, 2021, the Company signed a framework agreement (the “Frame Agreement”) with Nanjing Shunru Electronic Technology Co., Ltd. (“Nanjing Shunru”) to purchase approximately 20,000 Antminer bitcoin mining machines, which will provide a combined 200 Petahash per second (PH/s) hash rate, which accounts for about 0.12% of Bitcoin’s total...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on February 26, 2021, the Company received registration certificates for ten software copyrights related to blockchain technology applications issued by the China National Copyright Administration (“CNCA”). On December 31, 2020, the China Copyright Protection Center of the CNCA accepted the Company’s application for these copyrights, which were first submitted for review...

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Future FinTech Group Inc. (NASDAQ: FTFT) (hereinafter referred to as “Future Fintech”, “FTFT” or “Company” ) a leading blockchain e-commerce company and a service provider for financial technology, today announced it has appointed Mr. Weicheng Pan as Chief Strategy Officer of the Company. Mr. Pan will be responsible for the Company’s strategic planning, international M&A, investment and financing activities, and will support the management team to promote the Company’s global development strategy. Mr. Weicheng Pan is an angel fund investor...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce and financial technology company, today announced it plans to enter the challenger bank and digital payment sector. Challenger banks are small, recently created retail banks that compete directly with the longer-established banks, sometimes by specializing in areas under served by the big traditional banks. The challenger banks distinguish themselves from the historic banks by modern financial technology practices, such as online-only operations...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce and financial technology company, announced today that the Company has relocated its headquarters from Xi’an City to Beijing. On March 30, 2020, the Company announced that its headquarters would be moved from Xi’an to Beijing. Today the Company has completed the relocation work and the new address of our headquarters is: Room 2103, 21st Floor, SK Tower. 6A, Jianguomenwai Avenue, Chaoyang District, Beijing, China. Beijing is China’s political, cultural, international communication,...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), announced today that the Company will be relocating its global headquarters to Beijing from its current location in Xi’an. The new address is Room 2103, 21st Floor, SK Tower. 6A, Jianguomenwai Avenue, Chaoyang District, Beijing, China. The Company’s main phone number will be 86-010-85899303. “The relocation of the Company’s headquarters to Beijing will position our teams to work in close proximity to the city’s world-class technology, finance, and higher education...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), announced today that the Company, through its wholly-owned subsidiary Future FinTech (Hong Kong) Limited, entered into an equity acquisition frame agreement (the “Agreement”) with Joyrich Enterprises Limited (“Joyrich”) on March 26, 2020. Pursuant to the Agreement, the Company plans to acquire no less than 51% equity interest of Nice Talent Asset Management Limited (“NTAM”), a legal entity organized under the laws of Hong Kong. The Agreement...

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Future FinTech Group Inc. (NASDAQ: FTFT; the “Company”), a company engages in blockchain based e-commerce, announced that its board of directors appointed Mr. Shanchun Huang (also known as Shawn Shanchun Huang) as the Company’s Chief Executive Officer and a director of the Board, effective March 4, 2020. Mr. Yongke Xue resigned as the Chief Executive Officer of the Company on March 4, 2020 but will remain as the Chairman of the Board of Directors of the Company (the “Board”). Mr. Huang has over 16...

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