Future FinTech Group Inc. Launches GlobalKey SharedMall V1.0

XI'AN, China, Jan. 22, 2019 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT), a financial technology company and an integrated producer of fruit juice related products, today announced the formal launch of GlobalKey SharedMall, also known as Chain Cloud Mall (CCM) version 1.0. Since the trial operation from December 26, 2018 to present, CCM has attracted over 1,000 users and revenue has reached over RMB 990,000 (approximately $144,525). The operation of CCM is currently in good condition and APP download service is available for users.

Based on blockchain technology, CCM is established to be an e-commerce and shared platform of shopping, shared economy, reward points and community economy, which integrates manufacturing enterprises, traditional e-commerce, Wechat business, We-media and physical stores.

For consumers, commodities are directly supplied by manufacturers without mark-ups from distributors which also have to pass a strict quality check and qualification verification by the mall. Furthermore, with the anti-fake technology of QR, counterfeit products will not be presented on the mall.

For merchants, the platform will not withhold their revenue for its own cash flow purpose. The merchants can withdraw their sales revenues from the mall without delay which will help merchants' cash flow for their own businesses.

For manufacturers, promoters and agents, there is no agent commission or other threshold to provide products or services on the mall. They can make profits based on their products, services and other competitive advantages.

"The successful launch of CCM v1.0 demonstrates its capability of providing speedy, convenient and secure services for users. With all functions being further improved, GlobalKey SharedMall is making every effort to benefit its users and maximize the return on investment of users who trust GlobalKey SharedMall." says Mr. Yongke Xue, Chief Executive Officer and Chairman of FTFT.

About Future FinTech Group Inc.

Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is incorporated in Florida and engages in fruit juice and financial technology businesses. The Company engages in the research and development of digital asset systems based on blockchain technology and also operates an incubator for application projects using blockchain technology. The Company and its subsidiaries are developing blockchain technology and cryptocurrencies for a variety of B2B and B2C real-life applications including a variety of financial businesses and the distribution, marketing and sale of consumer products. FTFT is also developing an operational online shopping mall platform utilizing blockchain technology and the shared economy. For more information, please visit http://www.ftft.top/.

Safe Harbor Statement

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SOURCE Future FinTech Group Inc.