New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (US$8.54m market cap). Minor Risk Revenue is less than US$5m (US$3.8m revenue). Reported Earnings • Mar 19
Full year 2025 earnings released: US$15.52 loss per share (vs US$65.37 loss in FY 2024) Full year 2025 results: US$15.52 loss per share (improved from US$65.37 loss in FY 2024). Net loss: US$30.9m (loss narrowed 9.5% from FY 2024). New Risk • Feb 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.69m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (US$9.69m market cap). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (US$2.7m revenue). Board Change • Dec 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Mingjie Zhao is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Future FinTech Group Inc., Annual General Meeting, Dec 12, 2025 Future FinTech Group Inc., Annual General Meeting, Dec 12, 2025. Location: 02b-03a, 23/f, sino plaza, 255-257 gloucester road, causeway bay, hong kong, United States Announcement • Aug 16
Future FinTech Group Inc. announced delayed 10-Q filing On 08/15/2025, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Mingjie Zhao is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 04
Future FinTech Group Inc. Appoints Kai Xu as President of the RWA Division Future FinTech Group Inc. announced that Mr. Kai Xu, President of the Blockchain Division, has been appointed as President of the RWA Division, fully overseeing strategic planning and daily management of the division. Currently, the division will advance communications with U.S. regulatory authorities to apply for the relevant regulatory licenses for RWA and stablecoins, explore the feasibility of tokenizing the Company's core assets or assets to be acquired, and coordinate the Company's reserve crypto assets and digital asset trading business. Announcement • Jul 29
Future FinTech Group Inc. Appoints Yu Xiong as its Chief Blockchain Advisor Future FinTech Group Inc. announced the appointment of Professor Yu Xiong as its Chief Blockchain Advisor to provide strategic guidance and technical support for the Company's entry into the stablecoins and real-world asset (RWA) businesses. Professor Yu Xiong is the Associate Pro-Vice-Chancellor for Global Engagement at the University of Surrey and a globally renowned expert in the blockchain field. He is also the Founding Director of the Surrey Blockchain and Metaverse Applications Research Institute. In the blockchain sector, Professor Xiong has served as the Chair of the Advisory Committee for the UK Parliament's All-Party Parliamentary Group on the Metaverse and Web 3.0, as well as a co-Founder of the Endless Protocol Foundation. His research has been funded by numerous prestigious institutions including the UK Engineering and Physical Sciences Research Council, the Research England Foundation, the UK Department for Business, Energy and Industrial Strategy, the British Academy, the British Council, the Offshore Renewable Energy Catapult, the Satellite Applications Catapult, and many other private and public organizations. Professor Xiong has held positions as a Fellow at the Cambridge Institute for Sustainability Leadership (2016 – 2023), a Senior Fellow at the Oxford Centre for Technology and Management Development (2023 – present), a Visiting Professor of Computer Science at the University of York, and a Visiting Professor at Durham University Business School. During his time at Newcastle University Business School, he facilitated an £8 million investment to establish the Newcastle Tsinghua Science Park, which has created a significant impact on ecosystem innovation in northern England. In addition, Professor Xiong has contributed to the growth of over 40 companies in the UK, and served as a core team member and Vice President of Fotor. In 2023, Professor Xiong co-founded www.keath.ai and serves as its Chairman; the website was named the runner-up for the Times Higher Education Digital Universities Awards and won second prize in the prestigious 2024 Pie News Awards for Innovation. Recently, Professor Xiong was appointed Senior Vice President and Chief Scientist of Datasection Inc. Announcement • Jun 20
Future FinTech Group Inc. Enters into Settlement and Forbearance Agreement with FT Global Capital, Inc On June 17, 2025, Future FinTech Group Inc. (the Company) entered into a Settlement and Forbearance Agreement with FT Global Capital Inc., pursuant to which the parties agreed to settle four judgments totaling approximately $10.2 million entered against the Company in federal courts in Georgia, New York, Florida, and Ohio (collectively, the Judgements). Under the Agreement, FT Global agreed to forbear from enforcement and collection of the Judgments, including suspending an auction of shares of common stock of the Company, in exchange for the Company’s payment obligations and issuance of securities as outlined below. Under the Agreement, the Company is required to make cash settlement payments totaling $4 million in installments over 18 months, beginning with an initial $500,000 payment due by June 20, 2025. In addition, the Company agreed to issue an aggregate of 400,000 shares of its common stock to FT Global and its legal counsel, and to issue rights entitling FT Global to receive up to 1.3 million additional shares of common stock, exercisable over time. These securities will be issued pursuant to a court order under Section 3(a)(10) of the Securities Act of 1933, as amended. If the Company is unable to issue the shares as contemplated, it is required to file a registration statement to register the securities at FT Global’s request. The Agreement includes customary releases by both parties and a covenant by the Company to remain current in its SEC filings and maintain its listing on an eligible national securities exchange. If the Company fails to meet its obligations under the Agreement, FT Global may declare a default and resume collection efforts. Announcement • Jun 19
Future FinTech Group Inc. Announces Resignation of Peng Lei as Chief Operating Officer, Effective June 15, 2025 On June 13, 2025, Future FinTech Group Inc. received a resignation letter from Mr. Peng Lei to resign from his position as the Chief Operating Officer (COO) of the Company, effective on June 15, 2025. Mr. Lei’s resignation is not because of any disagreement with the Company, its management and directors. Announcement • May 16
Future FinTech Group Inc. announced delayed 10-Q filing On 05/15/2025, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 01
Future FinTech Group Inc. announced delayed annual 10-K filing On 03/31/2025, Future FinTech Group Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Dec 13
DDMM Capital LLC acquired FTFT SuperComputing Inc. from Future FinTech Group Inc. (NasdaqCM:FTFT) for $2 million. DDMM Capital LLC agreed to acquire FTFT SuperComputing Inc. from Future FinTech Group Inc. (NasdaqCM:FTFT) for $2 million on December 6, 2024. The purchase price for the Company Equity (the “Purchase Price”) shall be equal to (i) $1,000,000.00, and (ii) the assumption of the Company’s obligations totaling $973,072.24.
The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and subject to antitrust regulations.
Jeffrey Li of FSB FisherBroyles, LLP acted as legal advisor for Future FinTech Group Inc. Yanfei Ran of iLead Law Group, P.C. acted as legal advisor for DDMM Capital LLC.
DDMM Capital LLC completed the acquisition of FTFT SuperComputing Inc. from Future FinTech Group Inc. (NasdaqCM:FTFT) on December 9, 2024. Announcement • Dec 02
Future Fintech Group Inc Appoints Kai Xu as President of the Blockchain Business Division Future Fintech Group Inc. announced that Mr. Kai Xu has been appointed the President of the Blockchain Business Division, responsible for overseeing and directing the division's operations, including engagement with the expansion of web3. Mr. Xu has extensive experience in blockchain and big data. Mr. Xu was previously COO of the Company, a position in which he served until February 2020, and the vice president of the Company's blockchain division, and he also serves as the Deputy General Manager of FT Commercial Group Ltd., a wholly owned subsidiary of the Company. Announcement • Nov 15
Future FinTech Group Inc. announced delayed 10-Q filing On 11/14/2024, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 14
Future FinTech Group Inc., Annual General Meeting, Dec 05, 2024 Future FinTech Group Inc., Annual General Meeting, Dec 05, 2024, at 10:00 China Standard Time. Location: at room 603, floor 5, block a, dong fang mei di ya, no. 4 guang hua road, chaoyang district, beijing, China Announcement • Oct 07
Future Fintech Group Inc. Announces Board and Committee Changes On September 30, 2024, the Board of Directors of Future FinTech Group Inc. received a resignation letter from Mr. Johonson (Shun-Pong) Lau, to resign from the positions as a member of the Board, Chairman of the Audit Committee and a member of Compensation Committee, effective on September 30, 2024. Mr. Lau's resignation is due to his other business commitments and not because of any disagreement with the Board. On October 1, 2024, the Board appointed Mr. Mingyong Hu as a member of the Board, Chairman of the Audit Committee and a member of Compensation Committee of the Board, effective immediately, to fill the vacancy following the resignation of Mr. Lau. Mr. Mingyong Hu, age 46, was the founder and CFO of Beijing Xiaowu Supply Chain Technology Co. Ltd. from August 2021 to April 2024. From March 2019 to July 2021, Mr. Hu was the executive vice president of Zhenghua Guotai International Trading Co. Ltd. From October 2017 to March 2019, Mr. Hu was the general manager of Zhongrong Dinghui (Beijing) Equity Investment Fund Management Co. Ltd. From January 2016 to October 2017, Mr. Hu was the executive vice president of Zhongsheng Wantong Equity Investment Fund Management (Beijing) Co. Ltd. From June 2007 to December 2015, Mr. Hu was a partner and executive deputy general manager of Zhonghao Investment Group Co. Ltd. Mr. Mingyong Hu received his bachelor's degree in accounting from Hunan University in July 2001. Mr. Hu is a Certified Public Accountant of China, and he also holds Certification of Securities Professional and Fund Qualification Certificate in China. Announcement • Aug 15
Future FinTech Group Inc. announced delayed 10-Q filing On 08/14/2024, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. VP & Director Ying Li was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 10
Future Fintech Group Inc. Announces CEO Changes Future Fintech Group Inc. announced that its Board of Directors (the "Board") approved the appointment of Mr. Hu Li as Chief Executive Officer, effective August 5, 2024. Mr. Li will be fully responsible for the operation and management of the Company, helping it to expand internationally, manage its investment and financing activities, and promote the Company's continued strategic transformation and development. Mr. Li replaces Mr. Shanchun Huang as Chief Executive Officer effective August 5, 2024. Mr. Huangresignedas CEO, President and a member of the Board for personal reasons, and not because of any disagreement with the Company, its management or its directors. Mr. Hu Li has served as a director and Chief Executive Officer of FTFT International Securities and Futures Limited, a wholly owned subsidiary of the Company since January 2024, and as Corporate Secretary of the Company since June 2019. Since September 2021, he has served as an independent Director of Shineco Inc. Mr. Li served as the chief supervisor of Anhui Yihai Mining Equipment Co. Ltd., a public company in the China NEEQ stock market from February 2018 to July 2021. From September 2015 to February 2018, Mr. Li served as the Vice General Manager of Shaanxi Huipu Financial Leasing Co. Ltd. Mr. Li obtained his master's degree in Business Administration (MBA) from Xi'an Technology University in 2008 and bachelor's degree from Xi'an Fanyi University in 1996. Announcement • May 17
Future FinTech Group Inc. announced delayed 10-Q filing On 05/15/2024, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 16
Future FinTech Group Receives Letter from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement for Continued Listing on Nasdaq Under Nasdaq Marketplace Rule 5550(a)(2) On May 13, 2024, Future FinTech Group Inc. (the ‘Company’) received a letter from the Nasdaq Stock Market (‘Nasdaq’) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the ‘Minimum Bid Price Requirement’). The notification has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, until November 11, 2024 (the ‘Compliance Period’), to regain compliance with the Minimum Bid Price Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting. The Company intends to continue actively monitoring the bid price for its common stock between now and the expiration of the Compliance Period and will consider all available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. Announcement • Apr 02
Future FinTech Group Inc. announced delayed annual 10-K filing On 04/01/2024, Future FinTech Group Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 24
Robbins LLP Informs Stockholders of Class Action Against Future FinTech Group Inc Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Future FinTech Group Inc. securities between March 10, 2020 and January 22, 2024. The Company’s business activities include “supply chain financial services and trading, asset management and cross-border money transfer services. The Company has also expanded into cryptocurrency mining and cryptocurrency market data and information service business.” What is this Case About: Future FinTech Group Inc. (FTFT) Charged with Fraud for Stock Manipulation. According to the complaint, during the class period, defendants failed to disclose that: (1) defendant Shanchun Huang manipulated the price of Future FinTech stock; (2) defendant Huang and Future FinTech lied to the Securities and Exchange Commission about the nature of defendant Huang’s ownership of Future FinTech stock; (3) Future FinTech understated its legal risk; (4) and Future FinTech did not disclose the unlawful measures defendant Huang took to prop up the price of its stock. Plaintiff alleges that on January 11, 2024, the SEC posted a press release on its website entitled “SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures". Announcement • Jan 17
Rosen Law Firm Files Class Action Lawsuit on Behalf of Purchasers of the Securities of Future FinTech Group Inc Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Future FinTech Group Inc. between March 10, 2020 and January 11, 2024, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Future FinTech investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Defendant Shanchun Huang manipulated the price of Future FinTech stock; (2) Defendant Huang and Future FinTech lied to the Securities and Exchange Commission about the nature of Defendant Huang’s ownership of Future FinTech stock; (3) Future FinTech understated its legal risk; (4) Future FinTech did not disclose the unlawful measures Defendant Huang took to prop up the price of its stock; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Announcement • Dec 09
Future Fintech Group Inc. Appoints Johnson Lau to the Board of Directors Future FinTech Group Inc. at its AGM held on December 5, 2023, the shareholders elected Johnson Lau to the Company’s Board of Directors serve until the next annual meeting of stockholders or until their successors are duly elected and qualified. Announcement • Dec 07
Future Fintech Group Inc. Appoints Shanchun Huang as President On December 4, 2023, the Board of Directors of the Future FinTech Group Inc. (the “Board”) appointed Mr. Shanchun Huang, the Chief Executive Officer of the Company, as the President of the Company to fill the vacancy caused by the death of Mr. Yongke Xue on November 24, 2023. Mr. Shanchun Huang, age 57, has served as the Chief Executive Officer of the Company and a member of the Board since March 4, 2020. Since April 2021, Mr. Huang has served as the Chairman of the Board of Directors of Mars Acquisition Corp., a Cayman Islands exempted company. Mr. Huang served as the president of Wealth Index (Beijing) Fund Management Co. Ltd., which provides private equity fund management service, from March 2011 to March 2020, and as the president of Wealth Index (Beijing) International Investment Consulting Co. Ltd., which provides investment management and consulting services for non-securities related business, from August 2004 to March 2020. From May 2001 to June 2004, Mr. Huang was the vice president of Zhejiang Geely Holding Group Corporation, a global automobile company headquartered in Hangzhou, China. Mr. Huang graduated from Hefei Staff University of Science and Technology in July 1986, majoring in news collection and editing. Announcement • Nov 15
Future FinTech Group Inc. announced delayed 10-Q filing On 11/14/2023, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 14
Future FinTech Group Inc., Annual General Meeting, Dec 05, 2023 Future FinTech Group Inc., Annual General Meeting, Dec 05, 2023, at 10:00 China Standard Time. Location: Room 2302, South Tower Beijing China Agenda: To consider and elect five directors to hold office until the next Annual Meeting of Shareholders and until their successors are elected and qualified; to consider ratify Fortune CPA, Inc., as our independent registered public accounting firm for the fiscal year ending December 31, 2023; to consider adopt and approve the Future FinTech Group Inc. 2023 Omnibus Equity Plan; to consider and transact such other business as may properly come before the meeting or any adjournment thereof. Announcement • Aug 03
Future Fintech Group Inc. Appoints Peng Lei as Chief Operating Officer Future Fintech Group Inc. announced that it has appointed Mr. Peng Lei as chief operating officer on 28 July 2023. With over 20 years of experience in supply chain finance, banking, investment management, and corporate restructuring, Lei will oversee the company's operations and drive growth in supply chain financing and services. Lei's previous roles include general manager at Future Commercial Management Co. Ltd., and founder and general manager of two supply chain companies, Xi'an Dingtaiheng Supply Chain Management Co. Ltd. and Ningbo Tielin Supply Chain Management Co. Ltd. Lei also founded Changan Parking Investment Management (Shanghai) Co. Ltd. where he served as its director and general manager. Prior to that Lei served as the manager of Xi'an Zhonglou Sub-branch of Shanghai Pudong Development Bank. Announcement • May 16
Future FinTech Group Inc. announced delayed 10-Q filing On 05/15/2023, Future FinTech Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Apr 21
Full year 2022 earnings released: US$0.95 loss per share (vs US$0.86 loss in FY 2021) Full year 2022 results: US$0.95 loss per share (further deteriorated from US$0.86 loss in FY 2021). Revenue: US$23.9m (down 4.7% from FY 2021). Net loss: US$13.6m (loss widened 22% from FY 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$0.03 loss per share (vs US$0.024 loss in 2Q 2021) Second quarter 2022 results: US$0.03 loss per share (down from US$0.024 loss in 2Q 2021). Revenue: US$7.42m (up 451% from 2Q 2021). Net loss: US$2.11m (loss widened 65% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 19
Third quarter 2021 earnings released: US$0.097 loss per share (vs US$0.07 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: US$11.7m (up US$11.7m from 3Q 2020). Net loss: US$6.45m (loss widened 162% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$0.007 loss per share (vs US$0.016 loss in 2Q 2020) Second quarter 2021 results: Net loss: US$381.9k (loss narrowed 28% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 13
New 90-day high: US$8.50 The company is up 317% from its price of US$2.04 on 13 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: US$1.85 The company is down 5.0% from its price of US$1.94 on 25 September 2020. The American market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: US$3.00 The company is up 43% from its price of US$2.10 on 27 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 2.0% over the same period. Reported Earnings • Nov 19
Third quarter 2020 earnings released: US$0.07 loss per share Third quarter 2020 results: Net loss: US$2.46m (loss widened 127% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 22
New 90-day high: US$2.80 The company is up 8.0% from its price of US$2.60 on 24 July 2020. The American market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Online Retail industry, which is up 14% over the same period.