At this auction, the Securities will be sold "as is," without any warranty, and subject to any and all encumbrances, if any. The Securities have not been registered under the U.S. Securities Act of 1933, as amended, and will be issued with customary restrictive legends. The Securities will be offered solely to "accredited investors," as that term is defined in the federal securities regulations. Any purchaser of the Securities must be prepared to comply with all reporting obligations under the federal securities law. Information about FTFT is available on the Securities and Exchange Commission EDGAR website. The auction of the Securities is not a public offering.

On April 16, 2024, the U.S. District Court for the Northern District of Georgia entered an Amended Judgment in favor of FT Global against Future FinTech in the approximate amount of $10.8 million. FT Global has entered the Amended Judgment in the Southern District of New York, among other courts. To date, a significant portion of the Amended Judgment remains unpaid. FT Global intends to work with the U.S. Marshal in connection with the Court Order to pay down the Amended Judgment.

FT Global will continue with its enforcement effort domestically and in foreign jurisdictions, as may be appropriate, against Future FinTech and its officers and directors.

About FT Global Capital, Inc.

FT Global Capital, Inc. is an investment banking firm and a FINRA member firm based in Miami Beach, FL and New York, NY.

Olshan Frome Wolosky LLP, a New York law firm, serves as FT Global's litigation counsel. FT Global has also retained local counsel in various jurisdictions to prosecute its enforcement efforts, noted above.

About Future FinTech

Future FinTech Group Inc.'s filings made with the U.S. Securities and Exchange Commission are at https://www.sec.gov/edgar/search/#/ciks=0001066923&entityName=Future%2520FinTech%2520Group%2520Inc.%2520(FTFT)%2520(CIK%25200001066923).

On April 16, 2024, the U.S. District Court for the Northern District of Georgia entered an Amended Judgment in favor of FT Global against Future FinTech in the approximate amount of $10.8 million. Future FinTech later moved to vacate the Amended Judgment, but failed to post any bond. On May 21, 2024, the Court ruled that FT Global could enter the Amended Judgment in other Federal Districts, allowing FT Global to commence further enforcement proceedings. FT Global has entered the Amended Judgment in the Southern District of New York, among other courts. To date, Future FinTech has not yet paid any of the judgment.

On August 28, 2024, the District Court in New York granted FT Global's motion for an order directing FTFT to turn over the shares of its subsidiaries to be sold to satisfy the Amended Judgment. The Court's Order provides, in pertinent part, that "…Defendant shall turn over the shares, membership, or limited partnership interests in all of its subsidiaries, and the corporate seals of its China and Hong Kong-based subsidiaries, to the U.S. Marshal for auction or sale until the judgment is satisfied." While FT Global intends to work with the U.S. Marshal in connection with the foregoing, it is unclear if the subsidiaries have sufficient value to pay the Amended Judgment.

Earlier, FT Global, through its counsel, served a third-party subpoena on Fortune CPA, Inc., Future FinTech's independent public accounting firm, to obtain information relating to banking and financial accounts of Future FinTech. On August 8, 2024, the U.S. District Court for the Central District of California denied Future FinTech's motion to quash the subpoena, thus requiring Fortune CPA to turn over the requested records.

FT Global intends to continue with its enforcement effort, as appropriate, which may include seeking relief in additional jurisdictions in the United States, in foreign jurisdictions or against Future FinTech's officers and directors.

About FT Global Capital, Inc.

FT Global Capital, Inc. is an investment banking firm and a FINRA member firm based in Miami Beach, FL and New York, NY.

Olshan Frome Wolosky LLP, a New York law firm, serves as FT Global's litigation counsel. Eric Lang, Esq. of Lang Legal served as co-counsel.  FT Global has also retained local counsel in various jurisdictions to prosecute its enforcement effort, noted above.

About Future FinTech

Future FinTech Group Inc.'s filings made with the U.S. Securities and Exchange Commission are at https://www.sec.gov/edgar/search/#/ciks=0001066923&entityName=Future%2520FinTech%2520Group%2520Inc.%2520(FTFT)%2520(CIK%25200001066923).

Contact: 

Alec Orudjev
General Counsel, FT Global Capital, Inc.
646-202-2619 phone