Future FinTech Group Receives NASDAQ Notice of Non-Compliance with Listing Rule 5250(c)(1)

Future FinTech Group Receives NASDAQ Notice of Non-Compliance with Listing Rule 5250(c)(1)

NEW YORK, 19 April 2023 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or the “Company”), a blockchain application technology developer and fintech service provider, announced it today on 18 April 2023received a letter from the Listing Qualifications Division of the Nasdaq Stock Market (“Nasdaq”) stating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its annual report on time. on Form 10-K for the fiscal year ended December 31, 2022 (“2022 10-K”) with the Securities and Exchange Commission (“SEC”).

The Nasdaq notification letter gives the company 60 calendar days, or until 20 June 2023, to submit to Nasdaq a plan to regain compliance in accordance with Nasdaq’s listing requirements. If the company’s plan is accepted, Nasdaq can give the company up to 180 days, or until 16 October 2023, for the company to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal this decision to a Nasdaq hearing panel pursuant to Nasdaq Schedule 5815(a). The Nasdaq notification letter has no immediate effect on the listing of the Company’s common stock on the NASDAQ Capital Market.

The company has been working diligently and expects to submit its 2022 10-K with the SEC today to regain compliance with Nasdaq’s listing rule.

About Future FinTech Group Inc.

Future FinTech Group Inc. is a blockchain application technology developer and fintech service provider incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), supply chain financing services, asset management and a money transfer service. The company is also developing cryptocurrency mining, cryptocurrency market data services, blockchain-based e-commerce technology, cryptocurrency investment management and financial services technology. For more information, please visit http://www.ftft.com/.

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Safe Harbor Statement

Certain of the statements in this press release are “forward-looking statements” within the meaning and protection 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. Action. Forward-looking statements include statements regarding our beliefs, plans, goals, objectives, expectations, expectations, assumptions, estimates, intentions and future performance, and involve known and unknown risks, uncertainties and other factors that may be beyond our control, and which may cause the Company’s actual results, performance, capital, ownership or achievements 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 may be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “suggest,” “would,” “believe,” “consider,” ” ” expect”, “estimate”, “continue”, “plan”, “point to”, “project”, “could”, “intend”, “goal” and other similar words and expressions for the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement, including, without limitation, the risks and uncertainties described in our Annual Report on Form 10-K for the year ended December 31, 2021 and our other reports and filings with the SEC. Such reports are available upon request from the Company or from the Securities and Exchange Commission, including through the SEC’s website at http://www.sec.gov. We have no obligation and undertake no obligation to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which such statements are otherwise made.

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SOURCE Future FinTech Group Inc.

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