NEW
YORK, Aug. 2, 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 on July 28, 2023, it appointed
Mr. Peng Lei as the Chief Operating Officer ("COO") of
the Company. Mr. Lei will be fully responsible for managing the
Company's operations, helping it to grow its supply chain financing
and service business and promoting FTFT's continued strategic
transformation. Mr. Lei replaces Mr. Yang
Liu as COO, while Mr. Liu still holds various positions with
the subsidiaries of the Company.
Mr. Peng Lei is an experienced
senior manager with more than 20 years of experience in several
fields including supply chain finance, banking, investment
management and corporate restructuring. Since July 2022, Mr. Lei served as the general manager
of Future Commercial Management Co., Ltd., a wholly owned
subsidiary of the Company. From July
2019 to July 2022, he founded
two supply chain companies, Xi'an Dingtaiheng Supply Chain
Management Co., Ltd. and Ningbo Tielin Supply Chain Management Co.,
Ltd., and served as their general manager to develop the coal
supply chain finance business. From March
2014 to July 2019, Mr. Lei
founded Changan Parking Investment Management (Shanghai) Co., Ltd. and served as its director
and general manager. From April 2010
to March 2014, Mr. Lei served as the
manager of Xi'an Zhonglou Sub-branch of Shanghai Pudong Development
Bank, and participated in the development of equity investment
funds in Shaanxi Province. Mr. Lei
received a Ph.D. and a Master's degree in Finance from the School
of Economics and Finance, Xi'an Jiaotong University, in
September 2011 and July 2009, respectively. Mr. Lei received a
Bachelor's degree in International Finance from the School of
Management, Xi'an Jiaotong University in July 1999.
Future FinTech CEO Mr. Shanchun
Huang said, "Mr. Lei is an excellent manager as he has been
immersed in the financial service and technology industry for many
years and has accumulated rich management experience. Mr. Lei has
not only been a leader and originator of many of the Company's
day-to-day business procedures, but he has also had vast experience
in conceiving and implementing strategic transformations. I am
pleased that Mr. Lei has been appointed as the Company's Chief
Operating Officer and am confident that Mr. Lei will undertake his
new responsibilities with his full commitment, and help the Company
to further execute upon its mission."
"FTFT is currently implementing a strategic transformation to
build a financial technology industry ecosystem. Our strategy is to
use technology to promote a new blueprint of banking and payment
systems to create a closed-loop challenger banking business
ecosystem, with our goal to become a top financial technology
innovation enterprise. I look forward to Mr. Lei's help in
implementing this strategy."
Mr. Peng Lei said, "I attach
great importance to this new appointment and opportunity. I look
forward to working closely with the FTFT team to help the Company
achieve sustainable development and accelerate the transformation
of its global plan. I am excited about this new role and am fully
committed to excellence in every aspect of this function. As FTFT's
Chief Operating Officer, my mission is to implement innovative
technology and provide our customers with new solutions via a wide
range of financial applications. Our mission is to create value for
our worldwide customers, employees and shareholders."
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
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, 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/future-fintech-appoints-peng-lei-as-chief-operating-officer-301890986.html
SOURCE Future FinTech Group Inc.
