Company Summary: Future FinTech Group Inc.

Overview

• Type: Holding company incorporated in Florida, U.S.
• Main Business: Transitioned from fruit juice production to financial technology services due to increased costs and environmental laws in China.
• Current Focus: Supply chain financing services and trading in China.

Business Operations

Historical Operations:

• Produced and sold fruit juice concentrates, purees, beverages, and cider in China.
• Transformed to fintech industry in 2019 with diversified services.

Main Current Business:

• Supply Chain Financing and Trading in China
  • Focus on bulk commodities: coal, aluminum ingots, sand, steel.
  • Provides working capital to industrial clients, mainly large state-owned or publicly listed companies.
  • Services include: trade execution, creditor’s rights, commodity goods rights, capital turnover acceleration.
  • Approach involves signing purchase and sale agreements; revenue recognized either as sales of goods or agent fees.
• Financial Services in Hong Kong
  • Asset Management: Previously owned 77.14% of Nice Talent Asset Management Limited (NTAM). Sold last remaining 42.86% in November 2024.
    • NTAM licensed for securities advising and asset management.
    • In 2024, NTAM’s revenue was 86% of total revenue, down from 37% in 2023.
  • Brokerage and Investment Banking
    • Acquired 90% of Alpha International Securities (HK) in 2023, renamed FTFT International Securities and Futures Limited.
    • Offers online brokerage (including US and Hong Kong equities), IPO underwriting, and US dollar-denominated bonds.
  • Cryptocurrency Mining: Planned development in Paraguay (dissolved in 2023 due to inability to develop business).

Recent Dispositions:

• Deregistered/dissolved VIE Chain Cloud Mall in China (March 2024).
• Sold NTAM in Hong Kong for HK$2.4 million (~$300,000).
• Sold subsidiaries related to digital assets and asset management in late 2024.
• Sold 100% of FTFT SuperComputing Inc. in December 2024.
• Sold various U.S. subsidiaries (Digital Capital, UK company, etc.) in December 2024.

Employees & Customers

• Employees: 36 full-time, 4 part-time (as of December 31, 2024).
  • Location: 31 in PRC, 5 in Hong Kong.
• Customers:
  • In China: Large state-owned and listed companies in commodities (coal, steel, aluminum), power, construction, etc.
  • In Hong Kong: Clients of brokerage and asset management services, total over 60,000 accounts (FTFT Securities).
  • No specific number of customers provided for supply chain or other services.

Financials (2024)

• Revenue:
  • Supply chain financing/trading contributed 7% of total revenues.
  • Asset management (NTAM) contributed 86% of total revenues.
• Income: Not explicitly stated; only revenue contributions are detailed.
• Outstanding Shares: 3,050,770 (as of April 11, 2025) after a 1-for-10 reverse stock split.
• Stock Price: As of June 28, 2024, approximately $0.48 per share.
• Market Cap: About $7.54 million (based on last quarter close price).

Key Events

• Disposed of VIE business in China (Completed March 2024).
• Sold NTAM (November 2024).
• Sold several U.S. subsidiaries (December 2024).
• Acquired and then dissolved a Paraguay cryptocurrency mining company.
• Changed stock structure through reverse splits in 2023 and 2025.
• Engaged in legal disputes involving substantial judgments and court-ordered sales of subsidiaries’ interests.
• Engaged in securities law compliance efforts in Hong Kong and U.S.

Regulatory & Operational Notes

• Operates under various Chinese and Hong Kong regulations.
• Involved in significant legal and regulatory proceedings, including a lawsuit with FT Global Capital, inc., with ongoing appeals.
• Has a primary focus on supply chain finance, trading, and financial brokerage services.
• No current plans to pay dividends; profits are reinvested in the business.

Note: The company’s recent activities mainly involve divestments, legal disputes, and transitioning away from non-core businesses like asset management and online retail. Its primary revenue-generating business is now supply chain financing and trading of commodities in China.