NEW YORK, April 24, 2023 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future
FinTech", "FTFT" or the "Company"), a blockchain application
technology developer and a fintech service provider, announced
today that on April 21, 2023, it
received a written notification from the NASDAQ Stock Market
Listing Qualifications Staff (the "Staff") indicating that the
Company has regained compliance with the periodic filing
requirement for The Nasdaq Stock Market under Listing Rule
5250(c)(1).
On April 18, 2023, the Company
received a letter from the Staff stating that it was not in
compliance with Nasdaq Listing Rule 5250(c)(1) as a result of it
not having timely filed its Annual Report on Form 10-K ("Form
10-K") for the fiscal year ended December 31, 2022 with the
Securities and Exchange Commission.
Based on the April 19, 2023 filing
of the Company's Form 10-K for the fiscal year ended December 31, 2022, Staff has determined that the
Company complies with the Nasdaq Listing Rule and accordingly, this
matter is now closed.
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 service technology businesses. For more
information, please visit http://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.
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SOURCE Future FinTech Group Inc.